By CCN: The Dow floundered on Thursday as the US stock market struggled to mount a convincing recovery from Wednesday’s triple-digit pullback. Meanwhile, the Federal Reserve continues to flex its independence, with Chair Jerome Powell refusing to bow to President Trump’s presumptuous demand that he cut interest rates. Dow Plunges 225 Points After Fed Defies Trump Rate Cut Demand Any uneasy stock market entered Thursday’s trading session with little momentum, and that tension eventually gave way to widespread collapse. By the closing bell, the Dow Jones Industrial Average had plunged 122.35 points or 0.46%; the DJIA last traded at 26,307.79.

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