Dow tumbles over 500 points as Fed chair sticks to hawkish stance

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Dow tumbles over 500 points as Fed chair sticks to hawkish stance

STORY: Dow tumbles over 500 points as Fed chair sticks to hawkish stance DATELINE: Nov. 3, 2022 LENGTH: 00:02:33 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY/MARKET SHOTLIST: 1. various of the exterior of New York Stock Exchange in Wall Street 2. various of the trading floor of New York Stock Exchange 3.various of the exterior of Nasdaq MarketSite at Times Square 4.various of the exterior of the U.S. Federal Reserve 5.various of U.S. Federal Reserve Chairman Jerome Powell announcing the rate decision 6.various of local residents shopping in a supermarket in New York City STORYLINE: U.S. stocks fell sharply on Wednesday as Federal Reserve Chairman Jerome Powell's latest remarks pushed back against the idea of a policy pivot in the near future. The Dow Jones Industrial Average dipped 505.44 points, or 1.55 percent, to 32,147.76. The S&P 500 decreased 96.41 points, or 2.50 percent, to 3,759.69. The Nasdaq Composite Index shed 366.05 points, or 3.36 percent, to 10,524.80. All the 11 primary S&P 500 sectors en

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