U.S. Stocks Drop on Rate Expectations
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•Stock market today: Wall Street slides, and Dow drops 600 as traders pare forecasts for rate cuts
85% Informative
The S&P 500 was 1.3% lower in morning trading in a wipeout where 96% of the stocks within the index were falling.
The Dow Jones Industrial Average was down 649 points, or 1.6% , as of 10:15 a.m. Eastern time.
Vera Bradley’s stock dropped 6.5% after the designer of handbags and the parent company of the Pura Vida brand reported weaker profit and revenue for the latest quarter than analysts expected.
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93
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