"This kind of win is extremely rare," says Alex Sasso, chief executive officer and small-cap portfolio manager at NCM Investments.Stock market today: Stocks slump worldwide as allure grows to buy a Treasury bill and chill
NEW YORK — Wall Street is slumping again Thursday as stock prices drop worldwide on expectations that U.S. interest rates will stay high well into next year. The S&P 500 was 1.1% lower in midday trading. That follows a similar drop from Wednesday after the Federal Reserve indicated it may cut interest rates next year by just half what it earlier predicted.
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