MSFT calls Rise; Nasdaq Soars

A surprise inter-meeting rate cut by the Fed has sent stocks soaring
Wednesday. Semiconductors are the day’s top sector while health care is the
weakest.

At mid-day, the VIX is down 1.49 to 28.75.

Among bigger movers on heavier-than-average volume:

Microsoft
(
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has gained 3.22 to 64.70 while the MSFT May 65 calls
are up 1.15 to 3.20 on more than 28,000 contracts.

Intel
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has added 4.50 to 30.54 while the Intel April 25 puts have
fallen .80 to .05 on more than 14,000 contracts.

General Electric
(
GE |
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has risen 1.66 to 47.12 while the GE April 45 calls
are up 1.15 to 2.15 on more than 14,000 contracts.

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