Economics
U.S. Stocks Fall With Dollar on Mixed Earnings: Markets Wrap
- Republican turmoil stokes uncertainty over tax legislation
- Investors await ECB policy meeting, U.S. economic reports
Morgan Stanley's Redeker Says Euro-Dollar Decoupled
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U.S. stocks dropped the most in seven weeks while the dollar slumped as an uneven batch of corporate earnings reports thwarted a risk-on rally and turmoil in Washington threatened the president’s tax overhaul.
The S&P 500 Index fell for the second time this week, with weak results hammering shares in Chipotle Mexican Grill Inc. and Advanced Micro Devices Inc. Ten-year Treasury yields narrowed after reaching their highest since March, and gold rose as investors sought havens from slumping equity markets.