Analysts said the violent swings have largely been the result of adjustments by institutional investors in the wake of the Federal Reserve's decision to adopt a bias towards higher interest rates.
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WALL STREET reversed some of its recent losses ahead of the Memorial Day holiday weekend, with the Dow Jones industrial average up 89 points at 10,557 as European bourses closed, a day after the blue chip benchmark slid 235 points in its largest one day loss of the year.