ARTICLE | Financial News

Markets up on anticipated rate cut

March 19, 2001 8:00 AM UTC

Biotech, tech and blue chips traded up on Monday as money poured into equities late in the trading session in anticipation of a steeper-than-expected interest rate cut at tomorrow's meeting of the Federal Open Market Committee. The BioCentury 100 Index added 4.4 percent, with 69 stocks trading up and only 30 stocks trading down on the day. The NASDAQ was up 3.2 percent, the S&P 500 was up 1.8 percent and the DJIA was up 1.4 percent. ...