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Stocks of the major averages rose on Friday and closed the week in the green as Fed Chairman Jerome Powell prepared the markets to start tapering this year.
The S&P fell from a record Thursday as investors stay glued to their screens to hear more about the Fed’s plan to pull back on monetary stimulus.
Stocks of U.S. companies fell on Friday, pushing the Dow, S&P 500, and Nasdaq into the red for the week, as inflation fears intensified.
