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Powell comments fuel 1,000-point market rout Friday as stocks slide for a second week

Summary by Ground News
The Dow Jones Industrial Average was down 954 points, or 2.9%, at 32,338, as of 3:45 p.m. Eastern time. The S&P 500 was 3.1% lower, on track for its biggest drop in two months. Jerome Powell said the Fed will likely need to keep interest rates high enough to slow the economy.
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