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May 20, 2016

Stocks fall on rate hike news

NEW YORK (AP) — Stocks dropped on Thursday as investors get used to idea that the Federal Reserve may raise interest rates next month.

Major indexes fell from the start of trading, following European markets sharply lower, with banks and industrial companies hit the hardest. By the close, Goldman Sachs had dropped 3 percent and Boeing fell 2 percent, the biggest declines in the Dow Jones industrial average. Several commodities sank for a second day, including gold, silver and copper.


 
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