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2.20pm: Tapering a reality US stocks rallied in mid-afternoon trading after the Federal Reserve approved plans to begin scaling back its bond-buying stimulus program this month and end it by June 2022, much as markets had anticipated. After the news, the Dow Jones Industrial Average recovered from earlier triple-digit falls to be down 43 points, or 0.1% at 36,009, while the broader S&P 500 index pushed into positive territory adding 0.3%.
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