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The S&P 500 fell 0.3% on Wednesday, May 1, 2024, as the Federal Reserve held interest rates steady and Chair Jerome Powell discounted the likelihood of an imminent rate hike.
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(Bloomberg) — A rally in tech heavyweights lifted the broader stock market, with the group’s high-stakes earnings seen by Wall Street investors as a major test of the bull run in equities. In late hours, Tesla Inc. soared as the electric-vehicle giant said it will accelerate the launch of more-affordable models and chief Elon…