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Forex

Dow Drops 450 Points as Fed Decision and Semiconductor Weakness Weigh

Guavy AI Editorial Team
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USD
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The Dow Jones Industrial Average fell over 450 points on Wednesday, weighed down by weakness in Procter & Gamble and semiconductor stocks.

The Federal Reserve's decision to leave interest rates unchanged was expected, but markets remained focused on any signals from Chair Kevin Warsh regarding the path of monetary policy.

Chip stocks continued to struggle ahead of Big Tech earnings, with the iShares Semiconductor ETF down nearly 7% for the week after four consecutive losing sessions.

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