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September 19, 2019

Stocks end mixed following Fed's decision to cut rates

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writer

Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts.

Gains in banks, utilities and technology companies outweighed losses elsewhere in the market, which had been broadly lower until the last hour of trading. Bond yields moved lower.


 
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