US stocks rebound

Speculation about an earlier-than-expected interest rate cut by the Federal Reserve helped technology stocks stage a last-minute comeback today.

US stocks rebound
Sat, 24 Feb, 2001 - 08:40

Speculation about an earlier-than-expected interest rate cut by the Federal Reserve helped technology stocks stage a last-minute comeback today.

It gave the Nasdaq composite index its first positive finish in more than a week and closed up 17.53 at 2,262.49.

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CourtsPlace: USOrganisation: Federal ReserveOrganisation: NasdaqOrganisation: MotorolaOrganisation: Sun MicrosystemsOrganisation: Texas InstrumentsOrganisation: DowOrganisation: IBMOrganisation: Salomon Smith BarneyOrganisation: JP Morgan ChaseOrganisation: Johnson & Johnson
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