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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Slide Ahead of Fed Announcement

US Federal Reserve the Federal Reserve David Nicholas Anxiety First Republic
blue stock chart with pink, yellow and white moving averages going lower

On Monday, stocks took in stride news of the latest bank failure thanks to a quick takeover of First Republic Bank by JPMorgan Chase (JPM, -1.6%). But today, with the Fed on the cusp of another interest rate hike, investors fretted that more chaos could be in store for the beaten-down banking industry, which sent markets into a tailspin.  

Kiplinger's Weekly Earnings Calendar

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