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Dow falls 652 points on Fed chief Powell's tapering comments and Omicron variant concerns

1 month ago   |   By Business Insider

US stocks looked set to rally on Monday. Spencer Platt/Getty Images
US stocks tumbled Tuesday after tapering comments from Fed Chair Jerome Powell stoked rate-hike fears.
Investors' nerves were already rattled after Moderna's CEO expressed reservations about the efficacy of the company's vaccine against the new strain.
The 10-year Treasury note yield slid to 1.444% from Monday's 1.529%.
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US stocks tumbled Tuesday following new comments from Federal Reserve Chair Jerome Powell who signaled an earlier-than-expected end...
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Fed chair Powell spooks Wall Street with plans to pull back low-interest rate policies

1 month ago   |   By NY Daily News

The Dow Jones Industrial Average dropped several hundred points to fresh lows for the day after Powell insisted he would continue with the so-called “taper” reductions of bond purchases in an effort to contain resurgent inflation.
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