[Breaking] 'Hawkish' Powell Leads New York Stock Market to Close Lower... Dow Down 1.72%
Major indices on the U.S. New York Stock Exchange closed lower on the 7th (local time) following hawkish remarks by Jerome Powell of the Federal Reserve (Fed).
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On this day, the Dow Jones Industrial Average fell 1.72% compared to the previous session. The large-cap-focused S&P 500 index dropped 1.53%, and the tech-heavy Nasdaq index closed down 1.25%.
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