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US Stocks Down On Lower Expectations For Fed `Shock-and-Awe’

27 Oct News | Comments

U.S. stocks snapped back Wednesday as investors reined in their expectations for a major bout of easing by the Federal Reserve to stimulate the economy. The Dow Jones Industrial Average declined 126 points, or 1.1%, to 11043 in midday trading, while the Standard & Poor’s 500-stock index lost 11 points to 1175 and the Nasdaq Composite was off 12 points at 2485.

 

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