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US stocks post a split finish as Fed delivers a rate cut

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NEW YORK (AFP) - The benchmark Dow Jones Industrial Average erased a 200-point drop on Wednesday (Sept 18), leading Wall Street to a split finish as the Federal Reserve delivered another interest rate cut.. Read more at straitstimes.com.

NEW YORK - The benchmark Dow Jones Industrial Average erased a 200-point drop on Wednesday , leading Wall Street to a split finish as the Federal Reserve delivered another interest rate cut.

But in addressing reporters, Fed Chairman Jerome Powell later reiterated that the central bank was poised to lower rates further if the economy began to weaken. The S&P 500 ended flat at 3,006.71 and, while also well off the session's low point, the tech-heavy Nasdaq was 0.1 per cent lower at 8,177.39.

"Powell handled himself very well during the Q&A. He was very consistent. The market is relieved at that."

 

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