The Dow Jones Industrial Average late-morning Thursday fell to session lows after President Donald Trump appeared reluctant to sign a bill that would extend funding for the government, and avoid a partial shutdown. The Dow was down 430 points, or 1.6%, at 22,955, the S&P 500 index declined by 1.6% at 2,466, while the Nasdaq Composite Index fell 2.1% at 6,501, touching a bear-market level, usually defined as a drop of at least 20% from a recent peak. Markets were already on edge after investors were disappointed that the Federal Reserve didn’t sufficiently communicate a dovish stance after it raised benchmark rates by a quarter of a percentage point on Wednesday to a range of 2.25% to 2.50%, and lowered its guidance for coming rate increases.
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