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PBS News Hour

Major Investor CalPERS Rides out Big Waves in Markets...

Thursday's market drop marked the fifth time in just two weeks that the Dow Jones industrial average rocketed up or down by several hundred points in one trading session. Spencer Michels reports on how the California Public Employees' Retirement System, one of the largest U.S. institutional investors, is handling the volatility.
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February 20, 2026 - PBS News Hour full episode
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