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S&P500 and Nasdaq fall after Powell nomination
Despite the initial positive reaction to Jeremy Powell’s confirmed second term as chair of the Federal Reserve, the S&P ended lower on Monday.
The index ended the day down 0.32% and the Nasdaq declined by 1.26% as markets priced in faster tapering by the Fed and earlier rate hikes, which are now expected by mid-2022. Powell's re-election...
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