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The Dow and S&P 500 Decline as Utilities Fall, Nasdaq Remains Steady

Summary by Ground News
The Dow and S&P 500 indices saw a decline on Monday, largely driven by the sharp fall in utility stocks. Investors are considering the possibility that the Federal Reserve will need to maintain higher interest rates for a longer period of time. Fed Governor Michelle Bowman expressed her willingness to support another increase in the central bank's policy interest rate.
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Clayton County Register broke the news in Elkader, United States on Monday, October 2, 2023.
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