Wall Street Rally Slows Amid Economic Worries
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Wall Street had a good time recently, but it slowed down a bit. This happened because of some reports about the economy. The reports made people think the economy might not be as strong.
One report said that some businesses did not do as well as expected. These businesses are in services like stores and finance. The report said that tariffs are making it hard for businesses to plan.
Another report said that fewer people got jobs than expected. This report came from ADP about jobs outside the government. This could mean Friday's job report from the Labor Department will be weak.
After the reports, some people think the Federal Reserve will cut rates. This is to help the economy to stay strong. Trump said that the Fed should cut rates faster, which lowered Treasury yields.
Some companies that do well when rates are low went up in price. Homebuilders rose because of this change. In other markets, stocks rose in Europe and Asia because of trade talks.
Questions
Why did Wall Street slow down?
Wall Street slowed down because of reports about the economy that made people think it might not be as strong.
What did one report say about businesses?
One report said that some businesses in services like stores and finance did not do as well as expected.
What do some people think the Federal Reserve will do after the reports?
Some people think the Federal Reserve will cut rates to help the economy stay strong.
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