Tech and energy stocks led a rally at the end of today's session on Wall Street, as rumors of an interest-rate cut multiplied and traders examined indications that earnings would outpace prices in the two sectors. GM was up 6.1% as the Dow jumped 91.12 to 13448.86, but component Home Depot slowed extra gains by announcing a major buyback.
The S&P 500 was up 15.43 1489.42, and the Nasdaq added 33.88 to finish at 2630.24. Apple reached a one-month peak in advance of a major product announcement tomorrow, and Exxon reached a three-week high as crude shot up 79 cents. "Stocks are trading at bargain levels," said one executive, but volume remained low as many traders aren't back from vacation yet.