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After Record Week, US Stocks Close Lower

U.S. stocks closed in the red on Friday, but the losses follow a week that saw all-time highs in the S&P 500, Dow Jones industrial average and Nasdaq. The Dow closed higher for six straight weeks in a row as it continues to flirt with the key 20,000 level. FOMC As was expected, the Federal Reserve's policy making arm, the Federal Open Market Committee (FOMC), decided to raise rates by 0.25 percent at the conclusion of its two-day meeting Wednesday. The move had been fully...

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