Stock Indexes Decline as Fed's Rate Cut Projections Uncertain

U.S. stock indexes, including the S&P 500 and Dow industrials, experienced a decline, marking the end of a nine-session winning streak. The Nasdaq Composite also eased 1.5% on the same day. The Federal Reserve's projections of at least three rate cuts next year led to a shift in investor expectations. FedEx reported weakening demand and lowered its revenue forecast, while General Mills reported a drop in sales due to softening demand for snacks and breakfast foods.