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US STOCKS-Wall St falls on fears of hawkish Fed, fresh Russia sanctions

Posted on April 5, 2022 by Michael

By Reuters

Wall Street's main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions to the central bank's balance sheet, spooking investors already on edge about the prospect of fresh sanctions on Russia. The tech-heavy Nasdaq led losses as expectations of quicker interest rate hikes dulled the appeal for high-growth stocks.

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