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EXPLAINED: Us stocks slide after fed cuts rates dollar surges | Rare Historical Photos

US Federal Reserve United States Jerome Powell
An electronic screen displays a graph showing Japanese Yen exchange rates surged against the U.S. dollar amid signs of intervention in Tokyo

US stocks experienced a decline following the Federal Reserve's decision to cut rates by a quarter point, halting the positive momentum seen earlier in the trading day.

The Dow Jones Industrial Average dropped by 0.55% as it attempted to end the day in positive territory and break a nine-day losing streak, marking its lengthiest downward trend since 1978.

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