U.S. markets and stock-related exchange traded funds plunged after Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s commitment to reining in inflationary pressures and maintaining its monetary policy tightening. On Friday, the SPDR Dow Jones Industrial Average ETF (DIA) was down 2.2% and the SPDR S&P 500 ETF Trust (SPY) was 2.4% lower. At the [...] The post U.S. Stock ETFs Retreat as Fed Doubles Down on Rate Hike Outlook appeared first on ETF Trends .