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Equities Recover From Rate Hike Worries

U.S. equities stabilized a bit Friday, following a two-day selloff on concerns of an interest rate hike in June. The bounce was led by healthcare, financial and tech shares. Despite the late week rally, the major averages were on pace to end their fourth consecutive weekly loss. The Federal Open Market Committee (FOMC) minutes released on Wednesday afternoon indicated that the Federal Reserve may indeed act on rates at the June meeting if data supports the move. June rate hike...

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