Fed update weighs down Wall Street, adds fuel to the dollar

The Dow Jones Industrial Average fell 533.37 points, or 1.58%, marking the worst week for the blue-chip index since January.

Stocks were trending downward after the Wednesday policy update from the Fed, but that decline became sharper after Friday morning comments from St.

“I’m not surprised to see the market sell off a little bit.

The index is on pace for its strongest weekly gain in roughly 14 months, as investors seek some safety in the dollar from other currencies after a light surprise from the Fed.

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