Wall Street took profits in high flying technology stocks on Wednesday, rotating into cheaper corners of the market after the Federal Reserve delivered a widely expected interest rate cut under what Chair Jerome Powell described as an “unusual” situation of emerging labor-market weakness while inflation remains elevated.
Wall Street took profits in high flying technology stocks on Wednesday, rotating into cheaper corners of the market after the Federal Reserve delivered a widely expected interest rate cut under what Chair Jerome Powell described as an “unusual” situa… [378 chars]
Source: Bloomberg | Published: 2025-09-17T21:47:53Z
Credit: Bloomberg
