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Dow Sinks 100 Points Even After Deflated Fed Hawks Suffer Brutal Defeat

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By CCN: The Dow and broader U.S. stock market extended losses Wednesday after the minutes of the latest Federal Reserve policy meeting seemed to confirm that interest rates will remain on hold for the foreseeable future, thrusting the warnings of Fed hawks to the garbage heap. Dow, S&P 500 Pare Painful Losses All of Wall Street’s major indexes finished lower by the end of trading, mirroring a volatile pre-market for Dow futures. The Dow Jones Industrial Average was off by more than 120 points before paring some of its losses in the afternoon session. It would eventually settle down 100.72

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* First published on ccn.com

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