Tech Stocks See Big Rally

Tue., Dec. 12, 2000

From Staff

The possibility of future interest rate cuts sent tech stocks surging Monday, lifting the Nasdaq composite index back above 3,000.

Blue chips struggled to keep up in light trading as Wall Street awaited a U.S. Supreme Court ruling that could potentially end the month-old presidential deadlock.

The Nasdaq closed up 97.67 at 3,015.10. Blue chips had a rockier day. The Dow Jones industrial average ended the day up 12.89 at 10,725.80 after changing direction several times during the course of the day.

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Tech Stocks See Big Rally

Jesse Tinsley

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