Stocks saw substantial volatility late in the trading session on Wednesday, as traders reacted to the Federal Reserve's monetary policy announcement and subsequent comments by Fed Chair Jerome Powell.The major averages initially reacted positively to the Fed's statement but pulled back sharply going into the close of trading.The Dow slumped 505.44 points or 1.6 percent to 32,147.76, the Nasdaq plu...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.