Stocks got whipsawed on Wednesday as initial excitement at the idea that the Federal Reserve might slow the pace of interest rate hikes gave way to the dawning realization that the central bank will remain utterly committed to fighting inflation, seemingly at all costs. After poking into positive territory briefly in the afternoon, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all suffered sizable losses by the close.

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Source Fool.com