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This Article is From Mar 03, 2020

Wall Street Rebounds Sharply After Fed's Emergency Rate Cut

US stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move.

Wall Street Rebounds Sharply After Fed's Emergency Rate Cut

US stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.

At 10:02 a.m. ET, the Dow Jones Industrial Average was up 319.24 points, or 1.20 per cent, at 27,022.56, the S&P 500 was up 38.33 points, or 1.24 per cent, at 3,128.56. The Nasdaq Composite was up 100.59 points, or 1.12 per cent, at 9,052.75.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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