S&P 500 Declines for Third Straight Week as Dollar Resumes Rally
Will the Fed Move to a More Normal Policy Rate?
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U.S. stocks fell, sending the Standard & Poor’s 500 Index to its third straight weekly decline, as a dollar rally weighed on raw-material and industrial companies.
International Business Machines Corp. and United Technologies Corp. lost more than 2 percent. Halliburton Co., Exxon Mobil Corp. and Chevron Corp. declined as crude oil retreated amid rising supplies. Raw material companies slid 1 percent.