February 27, 2018 / 9:09 PM / 6 months ago

US STOCKS SNAPSHOT-Fed chair testimony triggers Wall St slide

NEW YORK, Feb 27 (Reuters) - U.S. stocks suffered their biggest daily drops since the sell-off almost three weeks ago after comments from Federal Reserve Chairman Jerome Powell on Tuesday sparked concerns about more interest-rate increases than expected this year.

The Dow Jones Industrial Average fell 299.24 points, or 1.16 percent, to 25,410.03, the S&P 500 lost 35.32 points, or 1.27 percent, to 2,744.28 and the Nasdaq Composite dropped 91.11 points, or 1.23 percent, to 7,330.35. (Reporting by Caroline Valetkevitch Editing by Chizu Nomiyama)

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