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| Stocks Crushed as Fed Chairman Powell Says Gradual Rate Hikes Here to Stay As the Fed chairman detailed plans to continue raising interest rates, albeit at a slow pace, the stock market sunk even further. By the market close, the Dow Jones Industrial Average shed 2.34%, the S&P 500 lost 2.19% and the Nasdaq Composite handed over 2.28%. The Dow had its worst day in two ...
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