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Market Snapshot: Stocks finish lower for second day, Nasdaq sheds 2.2% as Fed minutes detail rapid balance sheet reduction plan

U.S. stocks traded lower, but off Wednesday’s worst levels, as investors digested minutes of the Federal Reserve’s March meeting that detailed aggressive plans to shrink its nearly $9 trillion balance sheet.

The minutes also left the door open to more than one half-percentage point interest rate increase, a move bigger than the typical quarter-point increment usually used b the central bank.

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