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Wall St. off lows after Fed cut

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Published on Jan 22, 2008

Jan. 22 - US stocks fell steeply on Tuesday but regained most of the lost ground amid optimism over a surprise interest rate cut by the Federal Reserve. The Dow closed down 128 points to 11,971. The S&P 500 index lost 14 points to 1,310. The Nasdaq saw a 47 point decline to 2,292.

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