Stocks Reverse Overnight Carnage
The Dow was set to close on Wednesday nearly 300 points higher and at the top of an incredible 1,000 point range as Wall Street reconsidered the impact a Donald Trump presidency will have on Federal Reserve monetary policy and the U.S. economy.
After being down as much as 750 points overnight, the blue-chip index staged a significant reversal soon after the U.S. open, fueled by gains in the financial and healthcare sectors, eventually permeating into the broader markets and driving the Dow to a three-month high.
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