Market Gets What It Wants -- and Stumbles Anyway

Analysts wonder if January effect gains will be followed by a February hangover

Tech stocks buckled while the Dow lost most of the session's gains after the Federal Reserve made its much anticipated 50-basis-point interest rate cut. The central bank indicated it is taking an easing stance on the economy and suggested it would consider an inter-meeting cut if necessary.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.