The Fed Hits the Emergency Button

A surprise 75 basis-point easing helped stock indexes pare losses, with help from rebounding financials and retail names
Bernanke Getty Images

A palpable sense of relief reverberated down Wall Street and throughout the investing world Tuesday as U.S. equities managed to rebound from early super-sized losses at the market open that followed a sharp sell-off in global equity markets during the U.S. market holiday on Monday.

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