S&P 500 tests 4,000 following hawkish Powell comments

Stocks continue to drift lower and are now at session lows following earlier hawkish comments from Fed Chairman Powell:

• Dow -458, S&P 500 -48, Nasdaq -84
• S&P 500 is testing the 4,000 level, last at 3999.83
• Earlier, Fed Chair Jerome Powell told Congress rates would probably have to rise further than the Federal Reserve previously thought to tame inflation.

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