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Dow tumbles nearly 250 points after Fed signals more rate hikes to come

Por: New York Post Business June 14, 2023

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Wall Street stocks fell on Wednesday after the but signaled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year. The Dow Jones Industrial Average plunged 239 points, or 0.7%, to 33,972, while the S&P 500 was flat. The Nasdaq edged up 0.1%. The S&P 500 reversed early gains after the central bank reacted to a stronger-than-expected economy and a . The new projections... + full article



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