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Wall St ends sharply higher after Fed rate hike, Powell comments

Summary by Ground News
The S&P 500 climbed 2.6% and the tech-heavy Nasdaq surged 4.1%. The Dow Jones Industrial Average rose 1.4%. Smaller company stocks also gained, lifting the Russell 2000 2.4% higher. Some Wall Street analysts were less optimistic that the Fed may opt for more moderate rate hikes from here.

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Bias Distribution

  • 47% of the sources lean Left
47% Left
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Washington Times broke the news in United States on Wednesday, July 27, 2022.
Sources are mostly out of (0)