Inflation Eases, Wall Street Drops: Is a Rate Cut Coming Soon?
New York, New York: Stocks on Wall Street experienced a downturn on Friday, closing lower after a three-week winning streak for the S&P 500. The index ended the day 0.4% lower, while the Nasdaq composite fell by 0.7% and the Dow Jones Industrial Average dropped by 0.1%. This decline comes despite both the S&P 500 and the Nasdaq remaining close to their all-time highs. The market saw a late burst of selling, possibly driven by …