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S&P 500, Nasdaq 100 Rocket Higher After Fed Rules Out 75 bps Hikes. Now What? https://www.dailyfx.com/forex/fundamental/bank_research/2022/05/04/SP-500-Nasdaq-100-Rocket-Higher-After-Fed-Rules-Out-75-bps-Hikes-Now-What.html U.S. stocks struggled for direction for most of the day, but managed to stage a strong rally after the Federal Reserve ruled out hiking interest rates in 75 bps increments in the future.
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