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Stock Market Today: Stocks Fall After Fed Speeches

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Selling on Wall Street resumed Wednesday, with the major benchmarks spending the entirety of the session in negative territory. 

In focus today were speeches from several Federal Reserve officials – especially following Fed Chair Jerome Powell’s message yesterday that indicated the central bank’s fight against inflation is far from over. The latest batch of earnings reports also moved stocks. These included well-received results for ride-sharing firm Uber Technologies (UBER (opens in new tab)) and pharmacy chain CVS Health (CVS (opens in new tab)). 

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