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U.S. Stocks Open Lower as Fed Outlook Rattles Investors

U.S. stocks fell Thursday, pointing to a steepening rout in the S&P 500 as investors became unsettled by the Federal Reserve’s dour outlook as well as conflicting signals about when vaccines may become available.

The S&P 500 dropped 1.6%, suggesting that the benchmark may fall for a second day. The Nasdaq Composite fell around 2.2%, pushing the tech-heavy index further into negative territory for the month. The Dow Jones Industrial Average, which rose yesterday, dropped 1.1%, or 317 points, in early trading.

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