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Wall Street closes higher after brief dip sparked by confusion over Powell firing rumors

Posted by Able on July 16, 2025

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Wall Street benchmarks ended modestly higher on Wednesday, with the Nasdaq Composite hitting another record close, despite a brief period of turmoil sparked by reports that U.S. President Donald Trump might fire Federal Reserve Chair Jerome Powell.

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Wall Street closes higher after brief dip sparked by confusion over Powell firing rumors

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