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Dow Erupts Higher as Fed Teases Stock Market With More ‘Stealth QE’

Jerome Powell and the FOMC kept interest rates on hold and soothed the U.S. stock market by extending its liquidity push through April 2020. Bolstering the Dow Jones, Apple, Boeing, and Dow Inc. enjoyed strong post-earnings rallies. Despite the positive mood, the coronavirus outbreak just crossed a disconcerting milestone. The Dow Jones Industrial Average erupted…