Tech stocks ride high in anticipation of interest rate cut
A wide swath of technology stocks posted double-digit gains Tuesday, as the broader markets surged to exceptionally high levels as investors anticipated an interest rate cut by the Federal Reserve.
Cisco Systems, Amazon.com, Dell, and Comcast were just some of the tech players whose shares crested above 10 percent gains at the market's close, as the Dow Jones Industrial Average jumped a whopping 889.35 points to 9,065.12, up 10.9 percent.
The tech-heavy Nasdaq rose 143.57 points, or 9.5 percent, to close at 1,649.47, while the S&P 500 soared … Read more