Stock Optimism Fizzles as Quarterly Losses Pile Up: Markets Wrap
- Crude futures notch best quarterly gain since March 2022
- Global stocks monthly selloff is worst since last September
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Optimism in the markets faded as traders were left to contend with the prospect of a government shutdown and interest rates staying put at their highest in decades.
US stock gauges and Treasury bonds notched their worst quarters since September, 2022, while the dollar logged its best as traders came to terms with the message from Federal Reserve officials: get used to higher rates.