U.S. stocks drop amid Fed’s rate cut signals [Video]

U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.The S&P 500 fell 2.9%, just shy of its biggest loss for the year from the summer, to pull further from its all-time high set a couple of weeks ago. The Dow Jones Industrial Average lost 1,123 points or 2.6%, and the Nasdaq composite dropped 3.6%.The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September when it started lowering rates from a two-decade high to support the job market. That cut, though, was widely expected.The bigger question centers on how much more the Fed will cut next year. A lot is riding on it, particularly after expectations for a series of cuts in 2025 …