Stocks slip in late trading, after long Fed rally
NEW YORK — The market took a recess Friday from the Fed rally.
Stocks have been pushing higher for weeks, not because investors think the economy is healed but because of expectations, then confirmation, that the Federal Reserve would step in and try to fix it.
Most of Friday seemed like another day in the Fed rally, which began in earnest early this month, until stocks slipped in the late afternoon. The Dow Jones industrial average rose as much as 50...
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