J.M. Smucker stock jumps toward 6-year high after profit and sales beat expectations and outlook raised

Stocks end with steep losses but off session lows

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Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023. The Dow Jones Industrial Average

finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500

ended 1.4% lower, while the Nasdaq Composite

shed 2.2%.

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