Wall Street ends down as traders see no rate cuts before 2027

Wall Street ends down as traders see no rate cuts before 2027

By Noel Randewich and Utkarsh Hathi

Thu March 19, 2026 

It was another day to get whooped but it started out much worse in the morning and through about 3 pm when all three indexes really took a dive, the Dow down some 500. At 3 pm, there was suddenly a very energetic buying spree that recovered all the day’s losses but unfortunately ended at 3:15 pm when just as suddenly they all went into a big dive again until close. The likely trigger were the European central banks following suit with the Fed and holding rates steady on the well publicized fear of oil-induced major inflation in our future resulting from the war.  

With other countries agreeing with this stance, investors took Powell’s warnings from yesterday more seriously, now fairly firm in the conviction that rather than a rate cut in October, there would be no more this year. The day’s only good news was a decline in jobless claims pointing to a still stable labor market and possible resurgence in job growth for March. Perhaps the 11^th hour comeback will signal better things for Friday. Volume came in at 20 billion, right in line with the average. 

DJ: 46,225.15  -768.11        NAS: 22,152.42  -327.11        S&P: 6,624.70  -91.39           3/18

DJ: 46,021.43  -203.72        NAS: 22,090.69  -61.73          S&P: 6,606.49  -18.21           3/19

Thu 3-19-26 4:25 pm Wall Street ends down as traders see no rate cuts before 2027 | Reuters