Stock market today: Dow, S&P 500, Nasdaq drop with Powell speech looming over Fed rate-cut hopes
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Stock market today: Dow, S&P 500, Nasdaq drop with Powell speech looming over Fed rate-cut hopes
All three of the major averages (^DJI, ^GSPC, ^IXIC) closed at record highs on Friday. It was a busy week, with the Federal Reserve cutting its benchmark interest rate by 25 basis points and President Trump having a "very productive call" with China's President Xi Jinping.
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