Global stock markets staged an explosive rally Thursday, embracing a move by the Federal Reserve to try to rejuvenate the U.S. economy by buying $600 billion in Treasury bonds.
Traders’ uncertainty has put a big September rally on hold, at least momentarily, before the central bank’s meeting Tuesday.
Stocks are down for a third day on more disappointing earnings and economic news.
Stocks and interest rates are down sharply as investors take a bleaker view of the U.S. economy. The Dow Jones closed down 265 points.
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