Stock Market Today: Dow, S&P 500 Fall As Traders Sour on Rate-Cut Pace
- US stocks fell sharply as investors are turning skeptical on a Fed rate cut by June.
- The 10-year Treasury yield hit its highest since November.
- Fed officials still see three rate cuts as possible this year. Chairman Jerome Powell is set to speak on Wednesday.
US stocks fell for a third straight day Tuesday as investors digested the possibility that the first Federal Reserve interest rate cut won't come in June as expected.
Markets have been repricing …