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US markets closed lower
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Loading...The Dow Jones industrial average fell 53.36 points to close at 22,359.23, with Apple and Procter & Gamble contributing the most to the losses. Earlier, the index touched a record before turning negative.
The S&P 500 dropped 0.3 percent to end at 2,500.6, with shares of major technology, telecommunications and consumer staples companies all weighing down the index.
The Nasdaq composite fell 0.52 percent to close at 6,422.69, with shares of Microsoft, Amazon and Facebook all down.
The Fed announced Wednesday it will begin rolling off its $4.5 trillion balance sheet starting in October.
The central bank did not raise its benchmark interest rate from its current 1 percent to 1.25 percent target, however, its updated rate forecast showed that another hike this year is likely.
Source: Bloomberg Pro Terminal
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