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Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar

NEW YORK (AP) — U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987.

The S&P 500 was rallying by 1.6% in midday trading and on track to break a brutal three-day losing streak. It had tumbled a bit more than 6% after several weaker- than-expected reports raised worries the Federa…

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