Dow tumbles 483 points as economic data strengthens the case for more Fed hawkishness

Dow tumbles 483 points as economic data strengthens the case for more Fed hawkishness

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Brendan McDermid/Reuters The Dow fell almost 500 points as traders flinched at new data that made a case for the Fed to stay hawkish. ISM services sector data for November turned higher, and factory orders increased in October. Bond yields jumped. The 10-year Treasury yield climbed to 3.60%. US…

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