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Tech Slides, Chinese Stocks Rebound, New York Community Bancorp Tumbles: What’s Driving Markets Tuesday?

At noon trading in New York, major equity indices on Wall Street remain directionless as traders evaluate the future course of monetary policy ahead of several speeches by Federal Reserve officials in the days ahead.

AMGN

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Stocks Fall As Traders Dial Back Rate Cut Bets; Dollar, Treasury Yields Rise: What’s Driving Markets Monday?

Wall Street ends week on negative note as traders revise down expectations on Fed rate cuts. Strong economic data and Fed officials' comments push stocks into red, reducing rate cut expectations for 2024. Treasury yields and dollar strengthen. Small-caps hit hardest.

APD