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U.S. Stocks at Records, Dollar Weaker as Fed Meets: Markets Wrap

  • Policy makers expected to comment on unwinding of stimulus
  • European gauge slips as Japanese shares surge after holiday
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Merrill Lynch Says Tightening Not on Preset Course

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Major U.S equity benchmarks padded all-time highs, the dollar fell and Treasuries edged lower after Donald Trump gave a speech to the United Nations and as the Federal Reserve began a two-day meeting.

The S&P 500 Index climbed for a third day, though equities remain stuck in one of the tightest ranges in decades. The CBOE Volatility Index slumped toward 10. Europe’s equity benchmark followed many Asian peers lower, while Japanese shares surged after a holiday.