Fed Cuts Rate

The US markets came down after making initial rally after Fed Rate cut of .25 %
It wasn not a surprise as that the market pulled back, having suffered months of losses and having driven the Dow Jones industrials up more than 470 points so far this week ahead of the late-day downturn, The central bank's rate-setting Federal Open Market Committee trimmed the target for the federal funds rate, which banks charge one another for overnight loans, to 4.25% from 4.5%. The Fed has now cut that rate a full percentage point since it began its current round of reductions in September.
Dow Jones which had been up more than 200 points after the Fed's decision, finished down 37.47, or 0.30 percent, at 12,442.83