US Stocks Drop as Investors Mull Fed’s Path: Markets Wrap

US Stocks Drop as Investors Mull Fed’s Path: Markets Wrap

(Bloomberg) — US stocks swung between gains and losses as investors parsed fresh economic data and disappointing earnings while mulling the Federal Reserve’s path after the Bank of Canada announced a smaller-than-expected rate hike.

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The S&P 500 struggled for direction. The tech-heavy Nasdaq 100 pared losses that topped 2%.

Treasuries rallied after data showed the US merchandise-trade deficit widening. Sales of new US homes fell in September, another indication that…


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