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Stock market news today: Stocks tread water with Fed's Powell on deck

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Investors are on high alert for Chair Jerome Powell's comments after several hawkish Fed speakers put a check on spirits.

Stock futures hit pause on Wall Street's red-hot run of gains on Wednesday, as investors waited for comments from Federal Reserve Chair Jerome Powell as they assess whether the central bank is done with interest-rate hikes.from several hawkish members of the Fed have put a check on optimism that interest rates have peaked, sapping momentum from the rally in stocks.

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