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US Stocks Drop As Dollar Rises, Fed Expectations Reeled Back

27 Oct News | Comments

U.S. stocks stumbled and the dollar surged as investors reined in their expectations for a major bout of easing by the Federal Reserve to stimulate the economy. The Dow Jones Industrial Average declined 112 points, or 1%, to 11058 in afternoon trading, while the Standard & Poor’s 500-stock index lost 10 points to 1176 and the Nasdaq Composite was off eight points at 2489.

 

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