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Stocks dip as Powell says Fed fighting worst slump since WWII

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The COVID-19 pandemic has sparked widespread unemployment, but these companies are still hiring. NEW YORK - U.S.

stock markets dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank will take further steps to combat the worst downturn since World War II and debate raged over whether states are scaling back coronavirus lockdowns too quickly.

The Dow Jones Industrial Average dropped 211 points, or 0.89 percent, in the opening minutes of trading while the S&P 500 dipped 0.68 percent and the Nasdaq Composite fell 0.35 percent. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates Powell said the Fed will use the tools at its disposal "to the fullest" until the crisis has passed and

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