[Breaking] Powell's Hawkish Remarks Weigh on New York Stocks... Dow Down 0.58%

[Asia Economy New York=Special Correspondent Joselgina] The major indices of the U.S. New York Stock Exchange closed lower on the 21st (local time) after Federal Reserve (Fed) Chairman Jerome Powell's remarks that necessary measures would be taken in response to soaring inflation were revealed.

On that day, the Dow Jones Industrial Average fell 0.58% from the previous session to close. The tech-heavy Nasdaq index dropped 0.40%. The large-cap S&P 500 index closed flat.

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