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Stocks Decline as Trump Cabinet Turmoil Deepens: Markets Wrap

  • Qualcomm drops after deal scuttled; Texas crude retreats
  • White House moves keep investors guessing; Treasuries gain
Bloomberg business news

Arbuthnot Latham's Perdon Says U.S. Financials a Good Place to Be

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U.S. equities fell for the second straight day as markets took in Tuesday’s economic and political news. The 10-year Treasury yield fell while the dollar held steady.

While an inflation report reinforced the sense that economic growth is picking up without runaway price increases, energy shares weighed on the S&P 500 Index as oil declined on concern that global demand might not absorb burgeoning U.S. supplies. Retail sales and crude inventory figures due out Wednesday may offer more clues on the future of the economy.