[Breaking] New York Stock Market Falls on Hawkish Powell and Surge in Treasury Yields... Nasdaq Down 0.94%

The three major indices of the U.S. New York Stock Exchange all closed lower on the 9th (local time) following remarks by Federal Reserve (Fed) Chair Jerome Powell warning of the possibility of additional interest rate hikes and a sharp rise in Treasury yields.

On that day, the Dow Jones Industrial Average closed down 0.65% compared to the previous session. The large-cap-focused S&P 500 index fell 0.81%, and the tech-heavy Nasdaq index dropped 0.94%.

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