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Dow, S&P 500 log back-to-back losses as Fed says economy has ‘made progress’ from COVID but not enough

Dow, S&P 500 log back-to-back losses as Fed says economy has 'made progress' from COVID but not enough

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The Nasdaq Composite on Wednededay ended solidly higher but the broader market closed weaker as the Federal Reserve signaled that the countdown has begun on scaling back its massive support for the U.S. economy, but a decision still appeared a ways away. The Dow Jones Industrial Average closed down by about 128 points, or 0.4%, at 34,930, the S&P 500 index was virtually flat, but in negative territory, to end at around 4,400.

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