Dow Jones falls over 600 points
The Dow Jones Industrial Average fell by more than 600 points, a decline of 1.21%, reaching 51,462 points, following the Federal Reserve's decision to raise interest rates by a quarter of a percentage point to curb inflation and calm the economy. The Nasdaq also declined by 0.12%, closing at 25,978 points, while the S&P 500 dropped by 0.44% to 7,552 points. Additionally, the price of US West Texas Intermediate crude oil decreased by approximately $4, settling at $101.88 per barrel, influenced by the interest rate hike and its impact on the markets.
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