Stocks rallied sharply in early trading as buyers rushed back into the market after being scared off by speculation that interest rates may rise soon. By late morning, the Nasdaq was up more than 22 and the Dow had gained more than 45. Asia: The latest economic data depressed the Nikkei by 1.60 percent. The Hang Seng gained 0.80 percent. Europe: A gaining day in Britain (up 1.17 percent) and France (0.14 percent), but a decliner in Germany (down 1.37 percent).
Market Watch
Stocks rallied sharply in early trading as buyers rushed back into the market after being scared off by speculation that interest rates may rise soon. By late morning, the Nasdaq was up more than 22 and the Dow had gained more than 45. Asia: The latest economic data depressed the Nikkei by 1.60 percent. The Hang Seng gained 0.80 percent. Europe: A gaining day in Britain (up 1.17 percent) and France (0.14 percent), but a decliner in Germany (down 1.37 percent).
