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US stocks gyrate after surprise Fed rate cut

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AFP New York
Last Updated : Mar 03 2020 | 9:20 PM IST

Wall Street stocks gyrated on Tuesday morning, rallying after a surprise Federal Reserve interest rate cut, but subsequently pulling back at worries the move may not avoid a recession.

At about 1520 GMT, the Dow Jones Industrial Average was at 26,660.71, down 0.2 per cent.

The broad-based S&P 500 dipped 0.2 per cent to 3,083.01, while the tech-rich Nasdaq Composite Index slipped less than 0.1 per cent to 3,083.01.

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First Published: Mar 03 2020 | 9:20 PM IST

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