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The Economic Times
The Economic Times

US stocks today: US stocks end lower as Warsh keeps inflation fight front and centre

Kevin Warsh United States Inflation Nvidia US Federal Reserve Aditya Bhave Alphabet Salesforce

US stocks ended lower on Friday after Federal Reserve Chair Kevin Warsh reinforced the central bank's commitment to bringing inflation back to its 2% target, prompting investors to reassess expectations for a September rate move, Reuters reported.

S&P 500 fell 19.94 points, or 0.26%, to 7,711.05, while the Nasdaq Composite dropped 140.79 points, or 0.53%, to 26,400.56. The Dow Jones Industrial Average slipped 11.06 points, or 0.02%, to 53,558.38.

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