Tech Leads Stock Slump as Investors Eye Fed, Trade: Markets Wrap

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Tech Leads Stock Slump as Investors Eye Fed, Trade: Markets WrapChipmakers were among the worst performers as the S&P 500 Index slipped, with defensive sectors like utilities faring the best. The Stoxx Europe 600 index posted its first drop in four sessions. The monthly inflation numbers released Wednesday supported the idea the Fed can cut borrowing costs after the president scowled at “way too high” interest rates.


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