Dow Jones drops 232 points as Wall Street falters on rate cuts
NEW YORK, New York - U.S. stocks closed sharply lower Tuesday as sentiment around projected interest rate cuts this year soured. Yields on U.S. Treasuries jumped sharply, with the 10-year note cruising well above the 4 percent level. The U.S. dollar rose across the board, ending with substantial gains.
Despite Tuesday's equity markets sell-off many on the Street remained confident about the year ahead.
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