Dow tumbles at close as Fed rate cut bets fade - Breaking The News
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Dow tumbles at close as Fed rate cut bets fade

EPA-EFE/JUSTIN LANE

Major United States stock indexes finished the Tuesday session trading mostly lower with the latest remarks from the Federal Reserve officials rocking markets, as Fed Governor Christopher Waller's cautious stance seemingly made investors reevaluate expectations of their monetary policy easing timeline, which sent US Treasury yields up and led to the dollar strengthening.

In business, Apple and Boeing both performed on a subpar level as their shares slid on news of price cuts and a status downgrade.

The Dow Jones plummeted 0.62% or 231 points at the close, while the S&P 500 finished the session with a 0.37% loss. Boeing was the worst performer on both indexes, flopping 7.89%. At the closing bell, the Nasdaq 100 was flat. The euro traded 0.72% below the dollar at 3:59 pm ET, selling for 1.08722.

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