US Stocks Drop After Fed Signals Interest-Rate Increases To Fight Inflation
U.S. stocks fell after the Federal Reserve signaled that there is plenty of room for interest-rate increases that will be used to fight inflation.
The Dow Jones Industrial Average fell 129.64 to 34,168.09.
The Standard & Poor's 500 Index dropped 6.52 to 4,349.93.
The NASDAQ Composite Index rose 2.83 to 13,542.12.
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