Wall Street finished an extremely volatile session mostly higher Tuesday after investors, still jittery about mortgage-related problems at the nation’s major lenders, decided to interpret comments from the Federal Reserve as suggestive of another interest rate cut.
The Dow Jones industrial average rose 51.70, or 0.04 percent, to 13,010.14, after making 100-point swings in either direction throughout the day. The eventual gain followed Monday’s swoon of more than 200 points.
Broader stock indicators also ended higher. The Standard & Poor’s 500 index rose 6.43, or 0.45 percent, to 1,439.70, and the Nasdaq composite index rose 3.43, or 0.13 percent, to 2,596.81. [MORE]