U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China.
The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%.
In commodities markets, oil extended losses to trade near $72 per barrel after a decline of…
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