Stocks Settle Sharply Lower on the Outlook for Slower Fed Rate Cuts
Friday closed down -1.32%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.70%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.40%. Stocks retreated Friday, with the S&P 500 and Nasdaq 100 falling to 1-1/2 week lows and the Dow Jones Industrials falling to a 1-week low.