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HomeTrading RoomNasdaq Falls 1% As The Fed Blames Continuing Inflation Problems

Nasdaq Falls 1% As The Fed Blames Continuing Inflation Problems

A recap of the Federal Reserve’s July meeting, which hinted at prospective rate increases, caused stocks to decline on Wednesday.

To finish at 34,765.74, the Dow Jones Industrial Average lost 180.65 points, or 0.52%. The S&P 500 fell 0.76% to finish at 4,404.33. While this was going on, the Nasdaq Composite fell 1.15% and closed the day at 13,474.63.

The three major averages had their second straight losing session.

Source (CNBC)

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