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Dow Jones: US Stocks Fall Broadly

Published 04/30/2015, 03:48 AM
Updated 04/25/2018, 04:40 AM

Dow Jones
Stocks on the U.S. markets fell broadly on Wednesday, as the Federal Reserve remained cautious on the timing of an interest rate hike following soft GDP data for the first quarter of the year. Harsh winter weather combined with a strong dollar weighed on the economy in the first quarter, as GDP expanded by 0.2% far below analysts' forecasts of 1% growth. The FOMC, demonstrating that it will take a data-driven approach, to its first rate hike in nearly a decade said it has removed all calendar references on a period for lift-off. The Dow Jones Industrial Average gained roughly 40 points to 18,043.04, minutes after the announcement. Roughly half-hour before the release, the Dow was down 118.45 on the session at 17,991.69.

Dow Jones 4-Hour Chart

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