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To: yard_man who wrote (7178)	9/29/1998 4:03:00 PM
From: Joseph G.	Read Replies (2) \| Respond to of 86076

<<NEW YORK, Sept 29 (Reuters) - U.S. blue chips recovered their footing late session Tuesday, clawing back from a sharp dip that followed a widely-expected 25 basis point cut in interest rates by the Federal Reserve. Blue chips recovered from a dip of more than 80 points. The selloff was due to initial disappointment that the Fed did not cut rates by 50 basis points, analysts said. The New York Stock Exchange lifted index arbitrage trading curbs at 1514 EDT/1914 GMT. They had been imposed on the downside three minutes after the Fed's rate cut announcement.>> curb arbitrage on selloff, then kick in buying ...