U.S. stocks fell lower Thursday as Wall Street reeled from assertions by Federal Reserve Chair Jerome Powell that hopes for a policy pivot were “premature” after the central bank delivered a fourth consecutive interest rate hike of 75 basis points.
The S&P 500 (^GSPC) sank 1.1% after the index plunged 2.5% in the previous session, its worst loss on a Fed day since January 2021, per Bloomberg data. The Dow Jones Industrial Average (^DJI) shed 150 points, or 0.5%, and the technology-focused…
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