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Wall Street retreats from record closing highs as economic worries mount
Constellation BrandsConstellation Brands(US:STZ) The Economic Timesยท2025-10-08 01:56

Investors have had to rely on secondary, independently produced data, along with remarks from monetary policymakers, to gauge the likelihood that the Federal Reserve will implement its second rate cut of the year at this month's policy meeting. "The New York Fed report probably gave traders an excuse to take some profits since the S&P had been up for seven days in a row," said Sam Stovall, chief investment strategist of Economically sensitive sectors, including homebuilding , housing, airlines, and transp ...