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Tuesday, February 7, 2023

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Dow plunges 600 points as Fed officials say more rate hikes are needed to keep pulling inflation down

US stocks finished sharply lower Wednesday, reversing modest early gains, after two Federal Reserve officials stressed their desire to see more interest rate hikes aimed at tamping down on inflation. The S&P 500 finished in the red for a second straight day, and none of its 11 sectors moved higher. …

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