US Stocks Sink, Tech And Real Estate Hit Hard Amid Rate Concerns, Dollar Surge: What’s Driving Markets Wednesday?
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Benzinga
Benzinga
Another day of losses shook up Wednesday’s stock trading session on Wall Street. All major U.S. stock indices in the red, as investors expressed concerns that the Federal Reserve is not in a rush to reduce interest rates early this year. Market-implied probabilities of a rate cut by the Fed in March have declined to as low as 50%, down from over 70% at the beginning of the week, following recent hawkish statements from the Fed officials and stronger-than-expected economic data. On Thursday, retail sales figures for December exceeded expectations, rising by 0.6% month-over-month, surpassing the…