Wall Street tumbles
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Investors are fretting over the pace of rate cuts and pricey valuations of heavyweight artificial intelligence stocks that have fueled much of the U.S. stock market's gains in recent years.
1don MSN
Wall Street has its worst day in a month as traders dial back expectations for Fed rate cuts
US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street.
Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's quarterly results next week and
Wall Street's main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.
The government shutdown has delayed critical economic reports and is likely to result in some not being released at all, such as the consumer price index for October. So what is the Fed looking at to gauge the health the economy when it decides whether to cut interest rates?
NEW YORK] Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an
Expectations for a 25 point rate cut in December fell to 49.6% from last week's 67%, according to CME Group's FedWatch tool. "Market sentiment is swinging wildly this week, reflecting a clash of narratives that has left investors struggling to find direction," said Daniela Hathorn, senior market analyst at Capital.com.