U.S. Stocks Decline Amid Focus on Fed Rate Decision This Week
- Odds still show low expectations for rate increase Thursday
- Equities begin the week with another shift in direction
Is the S&P 500 Hinting at a Recession?
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U.S. stocks declined, following equities’ best week since July, before the Federal Reserve decides on Thursday whether the economy and turbulent financial markets can handle higher interest rates.
Yahoo! Inc. and Alibaba Group Holding Ltd. fell at least 3.1 percent after Barron’s suggested Alibaba may lose another 50 percent as volume growth declines. Netflix Inc. dropped 1.9 percent, down for the ninth time in 11 sessions. Energy and raw-materials shares sank as commodities retreated. Apple Inc. climbed 1 percent, trimming an earlier 2.4 percent gain, after the company touted strong preorders for its new iPhones.