Semiconductor industry

Semiconductor industry

Midday Options Update: Market Rebounds, FOMC Keeps Rates High, Earnings Concerns Woes Yahoo!, Intel, General Motors, Eastman Kodak Among Top Losers

The US stock market rebounded off its session lows after Fed Chief Alan Greenspan's statement that economic growth and contained inflation pressures will be sustained. However, he emphasized the need for continued interest rate hikes to achieve this forecast. The Federal Open Market Committee (FOMC) has increased rates