Stocks charge into positive territory after Fed cuts rates

Stocks gained after the Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter percentage point.

The Dow Jones Industrial Average fell to session lows, down more than 200 points following the decision, before charging into positive territory. The S&P 500 fell as much as 0.7 percent and the Nasdaq was down as much as 1 percent.

The Federal Reserve cut its benchmark interest rate by 25 basis points to a range between 1.75 percent and 2 percent after its July reduction was its first in a decade....