S&P 500, Nasdaq 100 – Wall Street Slides at the Open as Powell Hints at Modest Rate Cuts – MarketPulse
Wall Street indexes fell as Fed Chair Powell’s comments suggested a less aggressive rate cut in November than anticipated. US PMI data indicated a sharp decline in manufacturing new orders, job shedding, and rising output price inflation. Triangle breakout pattern still in play from a technical standpoint. Retest and continuation? Most Read: Brent Crude –…