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Urgent: U.S. stocks tumble after Fed statement

Xinhua, January 28, 2016 Adjust font size:

U.S. stocks ended sharply lower Wednesday, as Wall Street digested the newly-released Federal Reserve's statement amid downbeat quarterly earnings reports.

The Dow dropped 1.38 percent, and the S&P 500 lost 1.09 percent, while the Nasdaq shed 2.18 percent. Endit