[Breaking] FOMC Hints at 'Pace Adjustment,' New York Stocks Rise... Nasdaq Up 0.99%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed higher on the 23rd (local time), a day before the Thanksgiving holiday, supported by the November Federal Open Market Committee (FOMC) minutes suggesting a possible slowdown in the pace of interest rate hikes soon.
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On this day in the New York stock market, the Dow Jones Industrial Average rose 0.28% from the previous session, closing slightly higher. The S&P 500, centered on large-cap stocks, increased by 0.60%, and the tech-focused Nasdaq index closed up 0.99%.
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