Why is the stock market down today? Top things you need to know

Because jobless claims were better than expected, experts said the Fed might not cut interest rates in October and could wait until December, as per Sam Stovall, CFRA Research. Investors now think there is an 83.4% chance of a 25-basis-point Fed rate cut concerns and tech stocksChicago Fed President Austan Goolsbee said he is worried about cutting rates too quickly because inflation could rise again. The stock indexes fell: Dow Jones dropped 195.89 points to 45,926.27, S&P 500 lost 56.81 points to 6,581, a ...