The Dow Jones Industrial Average shed more than 600 points after the Fed’s unanimous rate hike to 3.75%–4%, with the 10-year Treasury yield crossing 5% and Chair Warsh signalling further increases ahead.
Tag: Dow Jones
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Dow Closes at Record 53,178 as Oil Falls on Iran Pause
Wall Street set records on August 3 as the Dow surged 693 points to 53,178.41, powered by a 5% drop in Brent crude on signals of Iran de-escalation.