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Stock market today: Stocks fall worldwide as allure grows to buy a Treasury bill and chill

News Snapshot:

NEW YORK (AP) — Wall Street is slumping again as stock prices fell worldwide on expectations that U.S. interest rates will stay high well into next year. The S&P 500 was down 0.8% early Thursday. That follows a 0.9% drop a day earlier after the Federal Reserve indicated it may cut interest rates next year by only half of what it had earlier been predicting. The Fed has already hiked its main rate to the highest level since 2001. The Nasdaq composite fell 0.9%, and the Dow lost 202. The yield on the 10-year Treasury rose to 4.46%, near it…

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