Dow Rallies Defiantly as Fed Warns of ‘Sudden’ Stock Market Plunge

Dow Rallies Defiantly as Fed Warns of ‘Sudden’ Stock Market Plunge

The Dow Jones Industrial Average rallied on Wednesday, despite falling from session highs. Vaccine optimism and solid economic data helped boost U.S. stocks. Federal Reserve official Randal Quarles warns “sudden and sharp repricing” could pummel financial markets. The Dow Jones gapped sharply higher on Wednesday, though the optimism about Moderna’s vaccine progress failed to sustain…

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