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S&P erases 2021 gains, Dow drops over 600 points | TheHill – The Hill

Stock markets closed with significant losses on Wednesday, even as the Federal Reserve kept interests locked at near-zero, amid unusual trading activity fueled…

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Stock markets closed with significant losses on Wednesday, even as the Federal Reserve kept interests locked at near-zero, amid unusual trading activity fueled by online amateur investors.
The Dow Jones Industrial Average lost 635 points, or 2.1 percent, its largest drop in the past three months, while the S&P 500 erased its gains for the year, dropping 98.8 points, or 2.6 percent.
The drops were undeterred by Federal Reserve Chairman Jerome Powell, who backed additional fiscal support and dismissed…

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