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Markets in 2019: record stocks, lower rates, so-so IPOs

On January 3, the S&P 500 sank 2.5 percent when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14 percent drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate policy following four increases ...