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(At 3:47 p.m. EDT)
Did I say plenty of green before? Scratch that. Following the announcement of the Federal Reserve's rate decision, the Dow has fallen all the way into negative territory, lately down almost 20 points.
Boeing (BA Quote) continues to be the biggest laggard, down 5.9%, but it has now been joined in the red by American Express (AXP Quote), United Technologies (UTX Quote) and McDonald's (MCD Quote), among others.
So exactly what about the Fed's announcement weighed so heavily on the blue chip average? It had nothing to do with the fed funds rate, as the central bank left the target range unchanged, but instead with the fact that the Fed did not increase its bond-purchase program. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
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