Hope Of Rate Cut Lifts Markets Higher At Midday

Slowing expansion in the manufacturing sector sparked hopes of an interest rate cut lifting the markets modestly higher during the midday. The Dow rose 29 points to 13,386 while Nasdaq soared 26 points to 2622. S&P 500 climbed 10 points to 1484. The 30-year bond eased as the yield edged up to 4.842%.