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Investments / The Ticker

Stocks fall after second taper announcement

It's not so taper-ific this time around

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There was no taper rally Wednesday after the Federal Open Market Committee made its announcement that yes, the taper is here and we’re tapering more.

By closing on Wednesday, we saw a steep stock market drop that ended with a minor rally that kept the loss to down 189 to 15,738.79.

The HW 30 index was down 0.85%. Zillow (Z), Radian Group (RDN) and Corelogic (CLGX) took heavy hits but there was blood all over the HW 30 board.   

The Nasdaq dropped 1.14% to close at 4051.43, while the S&P 500 dipped 1.02% to close at 1774.20.

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