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Stock Market Losses Keep Mounting; Drugmaker Pops On Upgrade

·4 min read
Stock Market Losses Keep Mounting; Drugmaker Pops On Upgrade

The major stock market indexes added to Wednesday's bad vibes and are trading lower on Thursday afternoon, close to lows for the day. The market is still reeling from Fed Chair Jerome Powell's comments, which have intensified fears of a recession. The Nasdaq fell 1.5%. The S&P 500 lost 0.8%. The Dow Jones Industrial Average dropped 0.4%. Small caps fared...