[Breaking] New York Stock Market Closes Lower Ahead of FOMC... Nasdaq Down 1.08%
The three major indices of the U.S. New York Stock Exchange all closed lower on the 2nd (local time) ahead of the Federal Open Market Committee (FOMC) interest rate decision in May, amid weakness in bank stocks.
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On that day, the Dow Jones Industrial Average closed down 1.08% from the previous session. The S&P 500, which focuses on large-cap stocks, fell 1.16%, and the tech-heavy Nasdaq index closed down 1.08%.
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