Stocks Slide as Strong Economic Data Damps Rate Cut Hopes
- Stocks fell due to stronger than expected economic data, reducing hopes of near-term Fed rate cuts
- Fed meets next week and is expected to leave rates unchanged, with cuts possibly delayed until June
- Strong economy fueling earnings growth hopes, which could support stocks
- Bitcoin pulled back after nearing $74k, still up big in recent weeks
- Quadruple witching expiration today could add some volatility