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Etherington named State Hospital Superintendent

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Wall Street ends lower after fed statement

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news Jamestown, 58401

Jamestown North Dakota 121 3rd St NW 58401

 

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NEW YORK - U.S. stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil.

The Dow Jones industrial average tumbled 189.71 points, or 1.19 percent, to end unofficially at 15,738.85. The Standard & Poor's 500 Index slid 18.30 points, or 1.02 percent, to finish unofficially at 1,774.20. TheNasdaq Composite Index fell 46.53 points, or 1.14 percent, to close unofficially at 4,051.43.

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