Pursuits
U.S. Stocks Decline Amid Retail Sales Data as China Worries Ease
Is It Still a Good Time to Be Bullish on Stocks?
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U.S. stocks closed lower, after fluctuating throughout the day, as anxiety over China eased while investors focused on economic data and the pace of any Federal Reserve interest-rate increases.
The Standard & Poor’s 500 Index ran out of steam after yesterday staging its biggest intraday recovery in three years. Stocks held in the tightest trading range since 1927, after China earlier this week roiled global markets with a shock currency devaluation. Labor and sales data today bolstered the case for higher interest rates as soon as next month.