US stocks sink on Powell rate-cut caution, Trump cabinet picks

Wall Street’s major indexes experienced their most significant single-day decline in two weeks, driven by concerns over a potential slowdown in interest rate cuts and reactions to President-elect Donald Trump’s cabinet appointments. Wall Street’s major indexes experienced their most significant single-day decline in two weeks, driven by concerns over a potential slowdown in interest rate cuts and reactions to President-elect Donald Trump’s cabinet appointments.  Economic Times

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