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12.05 pm: Investors shrug off fallout fears from China Evergrande debt troubles US stocks climbed in noon trading ahead of this afternoon’s Federal Reserve’s decision on monetary policy, as investor fears of a fallout from the potential default of Chinese property giant China Evergrande subsided somewhat. At midday, the Dow jumped 448 points, or 1.3%, to 34,368, while the S&P 500 added 53 points at 4,407 and the tech-heavy Nasdaq gained 161 points to 14,907.
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