Dow Off 23 on Fed Rate News

By Harry Kimball,  Newser Staff
Posted Jun 24, 2009 3:09 PM CDT
A trader works on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Markets were mixed today as positive economic indicators and surging tech stocks battled with a Fed announcement that interest rates would be held near zero, the Wall Street Journal reports. The Dow lost early momentum, but the Nasdaq flourished. “We’ve basically come through a panic phase,” an analyst said of tech buying. The Dow was off 23.05 to 8,299.86. The S&P rose 5.84 to 900.94. And the Nasdaq gained 27.42 to 1,792.34.