Stock Market This Week: Rate Cut Sell-Off, BTC Below $100K, MU Plunges
Description
Friday's rebound rally didn't fully reverse all the selling from the Fed's rate cut outlook announcement. The committee voted to cut another 25BPS but curbed the rate of cuts it originally projected for 2025. The sell-off gave crypto a black eye after Bitcoin sunk back below $100,000. Micron (MU) also closed as one of the biggest laggards this week after reporting lower-than-expect guidance. Oliver Renick talks about the week's biggest movers.
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