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A trader blows bubble gum during the opening bell at the New York Stock Exchange (NYSE) on August 1, 2019, in New York City. - Wall Street stocks bounced on August 1, 2019, winning back some of the losses suffered in the prior session following the Federal Reserve's first interest rate cut in more than a decade. Major indices dropped more than one percent in the wake of the rate decision on July 31, which was followed by a confusing news conference by Fed Chair Jerome Powell who tried to justify the move and explain the implications for monetary policy in coming months. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
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