What started out as a good day was smashed after the Fed meeting. The Fed did cut the key interest rate. The cut was .25 which was expected. At first the market reacted strongly after being up nearly 1 percent for the day prior to the meeting. Things quickly turned south however. The Dow Jones Industrial Average ended down 11.81 points down .09 percent giving back all gains. The NASDAQ was more of the same loosing gains ending down 13.30 points down .55 percent for the day.

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