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Benzinga

Business

Wayne Duggan

This Day In Market History: WSJ Interest Rate Headline Tanks Market

WSJ US Federal Reserve

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

What Happened? On April 27, 1998, a Wall Street Journal article titled “Fed Ponders Rate Boost in Months Ahead” at the time sent the Dow Jones Industrial Average tumbling 2.5%.

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One subscription that gives you access to news from hundreds of sites

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