US stocks fall to their second-worst drop of the year on diminished hopes for 2025 rate cuts. Dow drops 1,100 points

US stocks fall to their second-worst drop of the year on diminished hopes for 2025 rate cuts. Dow drops 1,100 points

NEW YORK -- US stocks fall to their second-worst drop of the year on diminished hopes for 2025 rate cuts. Dow drops 1,100 points.