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Fortune
Fortune
Brooke Seipel

Markets hit fresh records after Powell rate cut remarks

U.S. markets had a whirlwind day on Monday. The Dow Jones industrial average initially plunged nearly 400 points after remarks from Federal Reserve Chair Jerome Powell before rebounding and ending the day above the record it set on Friday.

Meanwhile, the S&P 500 also set a record, and the Nasdaq closed with gains after spending most of the day in the red.

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