Wall St. sinks on Powell rate-cut caution, Trump cabinet picks
STORY: U.S. stocks slumped on Friday after Federal Reserve Chair Jerome Powell signaled a slower pace of interest-rate cuts and investors reacted to cabinet selections by President-elect Donald Trump. The Dow dropped seven-tenths of a percent, the S&P 500 slid 1.3% and the Nasdaq plunged two-and-a-quarter percent. Shares of vaccine makers and packaged food companies…