[Breaking] New York Stock Market Closes Higher on Fed Slowdown Expectations... Nasdaq Up 2.31%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed higher on the 21st (local time) as expectations grew that the central bank, the Federal Reserve (Fed), might consider slowing the pace after the giant step in November during the December meeting.
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On this day in the New York stock market, the Dow Jones Industrial Average rose 2.47% compared to the previous session. The S&P 500, focused on large-cap stocks, increased by 2.38%, and the Nasdaq, centered on technology stocks, closed up 2.31%.
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