Dow ends over 200 points lower after Fed's Waller sees no rush on 2024 rate cuts
By Frances Yue and Andrew Keshner
U.S. stocks ended lower Tuesday as investors weighed corporate earnings and new comments from a Federal Reserve hawk suggesting interest-rate cuts could happen this year, but with no urgency on the timeline.
How stocks traded
The Dow Jones Industrial Average DJIA ended 0.6% lower, according to preliminary data from FactSet. The S&P 500 SPX fell 0.4%The Nasdaq Composite COMP finished down 0.2%
Stocks rose last week, with the S&P 500 finishing Friday just 0.3% away from its record close set on Jan. 3, 2022.
-Frances Yue -Andrew Keshner
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01-16-24 1604ET
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