After seeing considerable volatility early in the session, stocks
moved sharply lower over the course of the trading day on Tuesday. With
the pullback on the day, the major averages partly offset the strong
gains posted in the previous session.
The major averages finished the day firmly in negative territory but off their lows of the session. The Dow tumbled 785.91 points or 2.9 percent to 25,917.41, the Nasdaq plunged 268.07 points or 3 percent to 8,684.09 and the S&P 500 slumped 86.86 points or 2.8 percent to 3,003.37.
The sell-off on Wall Street came after the Federal Reserve announced a surprise decision to cut interest rates by 50 basis points to 1 to 1-1/4 percent.
Read more: U.S. Close Sharply Lower After Surprise Interest Rate Cut | Nasdaq
The major averages finished the day firmly in negative territory but off their lows of the session. The Dow tumbled 785.91 points or 2.9 percent to 25,917.41, the Nasdaq plunged 268.07 points or 3 percent to 8,684.09 and the S&P 500 slumped 86.86 points or 2.8 percent to 3,003.37.
The sell-off on Wall Street came after the Federal Reserve announced a surprise decision to cut interest rates by 50 basis points to 1 to 1-1/4 percent.
Read more: U.S. Close Sharply Lower After Surprise Interest Rate Cut | Nasdaq
