by Cho Seulkina
Published 22 Jun.2023 05:01(KST)
The three major indices of the U.S. New York stock market all closed lower on the 21st (local time) following hawkish remarks by Federal Reserve (Fed) Chairman Jerome Powell, who signaled additional interest rate hikes within the year.
On that day, the Dow Jones Industrial Average closed down 0.3% compared to the previous session. The S&P 500, which focuses on large-cap stocks, fell 0.52%. The Nasdaq, which is sensitive to interest rates and tech-heavy, ended the day down 1.21%.
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