Stocks Snap Back After Fed Move

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Stocks Snap Back After Fed Move
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The Dow Jones Industrial Average fell or 0.2% after staging its biggest one-day rally in nearly a decade Monday. The S&P 500 lost 0.4% and the Nasdaq Composite fell 0.2%

U.S. bounced back Tuesday after the Federal Reserve followed through on a pledge that it stood ready to take action to combat economic risks related to the coronavirus.

The Dow Jones Industrial Average rose about 321 points, or 1.2%, to 27007, reversing a decline after the opening bell after the Federal Reserve cut its short-term interest rate by 0.5 percentage point.

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