10 August, 2011

CNN Breaking News

Stocks recovered in a tumultuous session after huge losses a day earlier; the Dow closed up 430 points with a late surge.

Stocks at first dipped after the Federal Reserve said during the afternoon that it plans to keep interest rates "exceptionally low" until at least mid-2013 in response to a recent slowdown in the U.S. recovery.

That was followed by a spike that made up a portion of Monday's 635-point loss for the Dow.

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