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Heard on the Street Recap for Last Week: The Pause That Refreshes?

·1 min

Stocks paused on Friday after a week of gains. The Dow Jones Industrial Average slipped by 0.8%, while the S&P 500 edged down 0.1%. The Nasdaq, however, rose by 0.2%. All three major indexes had reached new records earlier in the week. Concerns about the Federal Reserve were put aside by investors even before the central bank’s announcement on Wednesday. Investors have come to terms with the fact that the Fed will need to wait a bit longer before cutting rates.