[Breaking] New York Stock Market Plummets After Powell's Jackson Hole Speech... Nasdaq Down 3.94%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market all closed lower on the 26th (local time) following remarks by Jerome Powell of the Federal Reserve (Fed) at the Jackson Hole meeting.
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On this day in the New York stock market, the Dow Jones Industrial Average fell 3.03% compared to the previous session. The S&P 500 index, centered on large-cap stocks, dropped 3.37%, and the Nasdaq index, focused on technology stocks, closed down 3.94%.
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