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U.S. stocks rose Monday after declining sharply early

U.S. stocks rose Monday after declining sharply early

The S&P 500 dropped 2.5% early on Monday but then recovered to close up 0.8%. The market was buoyed by news of the Federal Reserve’s announcement that it will begin buying individual corporate bonds to help keep lending markets running smoothly. The Nasdaq composite rose 1.4%, to 9.726.02. The Russell 2000 index of small company stocks gained 2.3%.

Skeptic
Skeptic
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