Business
Dow Sinks 700 Points, Falls to Session Lows
The Dow fell to session lows shortly after Fed Chairman Jerome Powell wrapped up his press conference.
The Dow was down 706 points, or 1.5%. The S&P 500 fell 1.2%. The Nasdaq Composite dropped 1.2%.
Powell made it clear that while the central bank still forecasts one interest-rate cut this year, there isn’t a lot of conviction among central bankers.
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