Stock Market Today: Dow slumps as Fed's Powell deals blow to March rate cut By

Stock Market Today: Dow slumps as Fed's Powell deals blow to March rate cut By

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Investing.com -- The Dow slumped Wednsday, as the Federal Reserve's chairman Jerome Powell said it was unlikely that the Fed would cut rates in March, dealing a blow to hopes for sooner rate cut that added fuel to the tech-led selloff. By 16:00 ET (21:00 GMT), the fell 317 points, or 0.8%, while…

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