Reported 3 days ago
U.S. stocks fell sharply following the Federal Reserve's decision to lower interest rates by 0.25% while signaling a slower pace of cuts in the future. The S&P 500 dropped by nearly 3%, marking significant declines for major indices, including the Dow Jones, which faced its longest losing streak since 1974. Investor concerns over inflation and market uncertainties were exacerbated by the Fed's projections, leading to widespread selling in the market.
Source: YAHOO