S&P 500 Snaps Two-Day Climb With Fed in Focus: Markets Wrap
- China’s latest policy move didn’t ripple beyond Asian markets
- US new home sales fell last month, buyers wait for lower rates
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The S&P 500 fell on Wednesday — after wavering for most of the session — as investors pondered the Federal Reserve’s path of rate cuts and digested housing-market data.
The Nasdaq 100 closed modestly higher. The 10-year US Treasury yield advanced to hover around 3.79%. The Bloomberg Dollar Spot Index rose after a 0.5% drop on Tuesday.