US STOCKS-Dow, S&P slip, Nasdaq sheds some gains after rate cut

Newswire

* Market sheds gains after Fed's interest-rate cut * Energy stocks up on higher oil; airlines and P&G drop * Dow down 0.3 pct, S&P off 0.03 pct, Nasdaq up 0.7 pct (Updates to late afternoon) By Kristina Cooke NEW YORK, Oct 29 (Reuters) - The Dow industrials and the S&P 500 slipped, while the Nasdaq gave up some gains in volatile trading on Wednesday, after the Federal Reserve cut interest rates in an effort to keep a credit crisis from triggering a deep recession. The ...

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