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Wall St. slips on trade concerns, muted rate cut hopes

Reuters Tuesday, 9 July 2019 ()
U.S. stocks dropped on Tuesday as investors fretted over a hit to company earnings from the protracted U.S.-China trade dispute and reined in expectations of a big interest rate cut by the Federal Reserve later this month.
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News video: Here's What to Know on Fed's Powell's Two Days With Congress

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Jerome Powell, chairman of the Federal Reserve can breath a sigh of relief now that he's finished answered pressing questions from Congress. But the market can breath, too, because it looks like it will get its rate cut. Here's what Powell said over the two days, and what the market implied actions...

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