US stocks pare gains after Powell's remarks; S&P 500, Dow Jones slump 1.6%1 min read 23 Mar 2023, 12:51 AM IST
The S&P 500 falls 1.6% to 3,936.97. The Dow Jones Industrial Average slips 1.6% to 32,030.11. The Nasdaq composite sinks 1.6%, to 11,669.96
US stocks pared gains on Wednesday after Federal Reserve chair Jerome Powell reiterated the central bank's commitment to tame inflation.
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