The Wenatchee World

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Wall Street

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NEW YORK (AP) — The stock market had a swift and clear reaction to the Federal Reserve’s decision to trim its stimulus efforts: That wasn’t so bad after all.

Stocks surged Wednesday, lifting the Dow Jones industrial average nearly 300 points to another record, after the Fed decided the economy was strong enough for it to ease back on bond purchases.

The central bank also tempered the impact of its pullback by signaling that it plans to keep short-term…

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