Stocks jump following rebound in home sales

Jeffrey Vasquez, right, and fellow traders work on the floor of the New York Stock Exchange after the Federal Reserve interest rate decision, Tuesday Aug.

Wall Street held on to a big advance Tuesday after the Federal Reserve left the benchmark federal funds rate target unchanged at 2% and assuaged some of the market's fears about the economy.

Financial stocks led the market lower Tuesday, reflecting Wall Street's growing concerns about the government's ability to restore the health of the banking industry.

Financial stocks led the market lower Tuesday, reflecting Wall Street's growing concerns about the government's ability to restore the health of the banking industry.



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