Stocks rebounded slightly Tuesday following the sixth-biggest drop in the Dow Jones industrial average’s history on Monday.
The Dow was up in the first hour of trading Tuesday, rising above 11,000 points after the worst day on Wall Street since December 2008. The S&P 500 stock index and Nasdaq were also up slightly in early trading.
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Investors are looking ahead to the Federal Reserve’s policy statement, which will be released this afternoon. They will be watching for any hints of further monetary easing down the road. European and Asian stocks fell Tuesday.
On Monday, the S&P 500 and Nasdaq tumbled over 6 percent and fell more than 5 percent. It was the largest one-day trading volume since May 2010.
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