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US Stock Market News: Dow Jones drops over 500 points, Nasdaq cracks 350 points after Fed signals inflation fight not close to done

US Stock Market News: Dow Jones drops over 500 points, Nasdaq cracks 350 points after Fed signals inflation fight not close to done

Thu, Nov 03, 2022

US Stock Market: Investors had been widely anticipating a 75-basis point rate hike, while hoping the Fed would signal a willingness to begin downsizing the rate hikes at its December meeting.

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