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PEDESTRIANS STOP OUTSIDE NASDAQ MARKET SITE IN TIMES SQUARE, 2001-01-03 (photo)

IMAGE number
REU8213195
Image title
PEDESTRIANS STOP OUTSIDE NASDAQ MARKET SITE IN TIMES SQUARE, 2001-01-03 (photo)
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Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-01-03
Image description

People stop to view stock prices at the Nasdaq Market Site as news of the sharp rise in stock prices is displayed on a giant news ticker above them in Times Square in New York, January 3, 2001. Stock prices 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. The Nasdaq finished the day at 2616.69 up 324.83 marking the largest single day rise in Nasdaq history, while the Dow Jones industrial average added 299.63 points to end the day at 10945.75. MS/JP

Photo credit
REUTERS / Bridgeman Images
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