FTSE 100 Pound Falls, UK Stocks Set to Drop

The S&P 500 and the Nasdaq 100 both finished lower, with a drag from big tech stocks and no dovish signs from Federal Reserve Chair Jerome Powell about rate cuts to come. He reiterated that the path ahead for policymakers is difficult and warned against cutting rates too aggressively. The S&P 500 has notched up its 28th record close of the year the day prior, but with valuations getting pricier and investors taking some profit on names like Nvidia, the run came to an end. US futures, though, are edging...