S&P 500 declines on Fed announcement

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Source: Dukascopy Bank
S&P 500 index retreated on Tuesday as Federal Reserve muffled the hopes for extra monetary stimulus. US index fell 0.4% or 5.66 points and closed at 1,413.38. Molson Coors Brewing tumbled 5.4% on news the company made an USD 3.5 billion investment in 9 European breweries. Express Scripts Inc. rallied 3.9% after completing its USD 29.1 billion acquisition of Medco Health Solutions. Morgan Stanley shed 2.2% after Fed accused lender in abusing customers during the foreclosure processes.  

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