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Stocks soar on hopes that Fed will slow rate hikes

Stocks soar on hopes that Fed will slow rate hikes

By Friday, October 21, 2022 Comment Edit
A disastrous earnings report from Snap and less than inspiring results from Dow components American Express and Verizon weren't enough to keep the Wall Street bulls at bay Friday. Stocks surged on hopes that the Federal Reserve may soon come to the rescue by slowing the pace of its rate hikes.

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