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U.S. Stocks Open Low on Tuesday; Ford Shares Fall More Than 5%

Tiger Newspress2022-09-20

Stocks slipped on Tuesday as the Federal Reserve kicked off its two-day policy meeting and Wall Street looked ahead to another large rate hike due out Wednesday.

The Dow Jones Industrial Average fell 252 points, or 0.82%. The S&P 500 shed 0.85% and the Nasdaq Composite slid 0.67%

The Federal Open Markets Committee kicks off its September meeting on Tuesday, where central bankers are expected to announce a 0.75 percentage point rate hike on Wednesday.

Ford announced that supply chain issues would cost the automaker an extra $1 billion in the third quarter. Shares fell more than 5% in morning trading.

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Comment2

  • miker9110
    ·2022-09-21
    Got Up  sure got Down
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  • TQHT
    ·2022-09-20
    Tell me your opinion about this news...
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    • DarkRaven
      Hmm
      2022-09-21
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    • Azerone.Kee
      in overall, the stock market will have another wave of declines, I guess.
      2022-09-20
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    • leslielimsh
      k
      2022-09-20
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