Amazon, Research in Motion and Google led a blue chip advance in the tech sector today, helping to pull the Nasdaq Composite up 3.2%, after a Fed officials reiterated the need for a “nimble” monetary policy, raising hopes the group will lower interest rates next month, the Wall Street Journal reports. Nasdaq added 82.11 points to close at 2662.91.
Over the past two trading session Nasdaq has recovered nearly half of the 10% it fell Monday. Advancers led decliners nearly 4-to-1. Among winners: Amazon.com, up $4.71, or 5.5%, to $90.30; Research In Motion, up $5.67, or 4.9%, to $121.35; Google, up $18.69 to $692.26, and Intel, up $1.08, or 4.3% to $26.19. Volume was 2.47 billion shares.