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CNN correspondent John Mataxis points to a chart showing the point during the trading session...

CNN correspondent John Mataxis points to a chart showing the point during the trading session where .., 2001-0
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IMAGE number
REU7548600
Image title
CNN correspondent John Mataxis points to a chart showing the point during the trading session where .., 2001-01-03 (photo)
Auto-translated text View Original Source
Artist
Unknown
Medium
photograph
Date
2001 AD
Shooting Date
2001-01-03
Image description

CNN correspondent John Mataxis points to a chart showing the point during the trading session where the sharp rise in the Nasdaq Composite began at the Nasdaq Market Site in Times Square in New York, January 3, 2001. Stock prices on the technology-heavy Nasdaq rocketed in late afternoon trading Wednesday following an unexpected interest-rate cut of one half percentage point by the Federal Reserve to prevent the world's biggest economy from slowing too much.

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REUTERS/Mike Segar / Bridgeman Images
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