Wall Street slips after rate cut-fuelled rally

[Pelican Press 0]

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Wall Street slips after rate cut-fuelled rally

Wall Street’s main indexes have slipped as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve.

The S&P 500 and the Dow hovered near their record highs and were on track for weekly gains of more than a per cent, along with the tech-heavy Nasdaq.

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