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WALL STREET INSIGHT

Rate-hike fears could continue to cloud the markets

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Even after last week's rout, the Nasdaq Composite is less than 5 per cent from the heights of 2000. The Nasdaq has approached that summit in the face of considerable scepticism.

LAST week, stocks dropped on bets that the US Federal Reserve is finally running out of patience and the declines could continue this week as investors adjust to a new central banking world order.

Traders fear a rate hike will drive up mortgage costs, make it more expensive for

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