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WallStreet sinks as hopes fade for rate cuts, trade progress



Wall Street stock indexes Fell on #Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from#President Donald Trump to cut interest rates.

All three major U.S. stock indexes ended the session in the red after Powell said the Fed was grappling with whether trade uncertainties and other issues warrant rate cuts.

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WallStreet sinks as hopes fade for rate cuts, trade progress

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