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Benzinga
Benzinga
Business
Lisa Levin

Mid-Day Market Update: Dow Tumbles 700 points; Advent Technologies Shares Spike Higher

Nasdaq US Federal Reserve NYSE United States

U.S. stocks traded lower midway through trading, after the Federal Reserve raised fed funds rates by 0.75% to a new target range of between 1.5% and 1.75% on Wednesday.

The Dow traded down 2.33% to 29,950.08 while the NASDAQ fell 3.87% to 10,669.74. The S&P also fell, dropping, 3.18% to 3,669.08.

Also check this: 3 Stocks Under $1 Insiders Are Buying

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