Stocks sink as Dow falls 270 points after Fed hike, Powell remarks

  • Stocks sink as Dow falls 270 points after Fed hike, Powell remarks

    U.S. stocks fell across the board after the Federal Reserve raised interest rates for the 10th consecutive time and Chairman Jerome Powell signaled inflation remains persistent. Financials weighed on the S&P 500 as the banking crisis remains a top concern and energy companies sank as oil dropped over 4% to $68.60 per barrel.

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