A DAY after breaching the 8,000 level, the stock market slipped after investors cashed in on gains following news that the US Federal Reserve (Fed) is unlikely to cut rates for the rest of the year.
The benchmark Philippine Stock Exchange index (PSEi) slid by 0.53 percent or 42.94 points to close at 7,977.12, while the wider All Shares fell by 0.29 percent or 13.66 points to finish at 4,787.45.