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Stocks Plummet to 22-Month Low as Fed Hawks Circle: Markets Wrap

  • Wall Street’s fear gauge has been showing signs of concern
  • Intervention from BOE provided only temporary relief
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US stocks plunged to the lowest since November 2020 as another group of Federal Reserve officials struck a hawkish tone, and turmoil in Europe continued to fray investor nerves.

The S&P 500 fell as much as 2.9% during Thursday’s session but trimmed losses as markets closed. Its decline wipes out an ill-timed attempt Wednesday to rebound from a six-day slide.