U.S. Stocks Slide as Fed-Induced Dollar Rally Sinks CommoditiesBy and
S&P 500 erases rate-hike gains as resources shares sink
Oil drops below $35 a barrel; gold slumps most since March
U.S. stocks wiped out gains posted in the wake of the Federal Reserve’s interest-rate increase as the strengthening dollar sparked a selloff in commodities, sending prices to the lowest level in 16 years. Treasuries rebounded.
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