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US stocks wipe out gains as dollar rebounds after Fed

US stocks wipe out gains as dollar rebounds after Fed

Thursday, December 20, 2018, 9:20 AM

US stocks erased gains, the dollar rebounded from its lows of the day as the Federal Reserve signaled additional rate hikes remain warranted, striking a slightly less dovish tone than some investors had anticipated. The S&P 500 was just slightly lower after wiping out an advance that reached 1% after the central bank raised interest rates for the fourth time this year.
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