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Update · 07:58 pm AEST · 29 August 2026

US stocks close lower after Fed chair Kevin Warsh reaffirms inflation fight
Photograph: The Straits Times

Wall Street’s main indexes ended lower on Aug 28 as investors grew cautious after Federal Reserve Chair Kevin Warsh reiterated the central bank’s focus on fighting inflation.

The S&P 500 lost 19.23 points, or 0.25%, to 7,711.76, while the Nasdaq Composite fell 138.93 points, or 0.52%, to 26,402.42, according to Reuters. The Dow Jones Industrial Average dropped 9.45 points, or 0.02%, to close at 53,559.99.

– With Reuters The Straits Times reports.

US stocks close lower after Fed chair Kevin Warsh reaffirms inflation fight The S&P 500 lost 0.25 per cent while the Nasdaq Composite lost 0.52 per cent, to 26,402.42. Read more at straitstimes.com. Read more at straitstimes.com. straitstimes.com
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