Wall Street fell on Tuesday as evidence of a cooling economy exacerbated worries that the Federal Reserve's campaign to rein in decades-high inflation may cause a deep downturn.
, which many investors expect to hold up better during an economic slowdown, were among the few S&P 500 sector indexes gaining on Tuesday.
Trading in interest rate futures shows bets are now tilted toward a pause by the Fed in May, with odds of a 25-basis point rate hike at 42%, compared with nearly 60% before the data, according to CME Group's Fedwatch tool.The Nasdaq declined 0.47% to 12,131.64 points, while the Dow Jones Industrial Average was down 0.65% at 33,383.70 points.S&P 500's busiest trades
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