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New York Stock Exchange Declines Amid Interest Rate Uncertainty

The New York Stock Exchange experienced losses on November 14 as Federal Reserve Chairman Jerome Powell dampened investor hopes for an interest rate cut this year, emphasizing caution in monetary policy adjustments. The Dow Jones fell by 207.33 points (-0.47%) to close at 43,750.86, while the Nasdaq dropped 123.07 points (-0.64%) to 19,107.65. The S&P 500 also declined by 36.21 points (-0.60%), finishing at 5,949.17. Powell’s remarks signal that the Fed is not in a rush to ease financial conditions despite market pressures.

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