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August 26, 2022 – What a Day!
By Staff Reporters
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How did stocks trade?
- The Dow Jones Industrial Average DJIA, -3.03% plunged 1008.38 points, or 3%, to close at 32,283.40, in its largest percentage drop since May 18.
- The S&P 500 SPX, -3.37% dropped 141.46 points, or 3.4%, to finish at 4,057.66, in its biggest percentage decline since June 13.
- The NASDAQ Composite COMP, -3.94% tumbled 497.56 points, or 3.9%, to end at 12,141.71, in its largest percentage drop since June 16.
For the week, the Dow sank 4.2%, while the S&P 500 shed 4% and the NASDAQ lost 4.4%. All three benchmarks booked a second straight week of losses, according to Dow Jones Market Data.
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Thank You
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CITE: https://www.r2library.com/Resource/Title/082610254
FINANCIAL PLANNING: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283
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Filed under: Alerts Sign-Up, Investing | Tagged: Chairman Powell Warns of Pain in Inflation Battle, FOMC, inflation, Jerome Powell |
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