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Kiplinger
Kiplinger
Business
David Dittman

Dow Hits New Intraday High on Fed Day: Stock Market Today

Interest rates green red hundred dollar bills.

All three main U.S. stock market indexes spiked after the Federal Open Market Committee announced a 25 basis point cut to the target range for the federal funds rate, but quickly fell back into their intraday ranges and closed mixed.

Factors other than monetary policy figured into a relatively stable trading session, as the world's most important stock suffered another trade war blow.

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