The Dow drops 300 points as October starts with a port strike and a cautious Fed
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In This Story AAPL HP DELL AMTM ZIM AMKBY GOGL The Dow Jones Industrial Average fell by more than 300 points Tuesday morning following the Federal Reserve’s signal that future interest rate cuts will be less aggressive . The comments by Fed chair Jerome Powell on Monday came less than two weeks after the Federal Open Market Committee approved a half-percentage-point (50 basis points) cut , marking its first reduction after years of hikes to address post-pandemic inflation. Additionally, due to
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