Wall Street rebounds sharply after Fed's emergency rate cut

(Reuters) – U.S. stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.

At 10:02 a.m. ET, the was up 319.24 points, or 1.20%, at 27,022.56, the S&P 500 was up 38.33 points, or 1.24%, at 3,128.56. The was up 100.59 points, or 1.12%, at 9,052.75.

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