Economics
U.S. Stocks Retreat on Fed Rate Uncertainty as Crude, Gold Drop
- Apple leads tech shares higher after iPhone production report
- Most Asian index futures signal losses; iron ore slumps
Investing in a Low Growth Environment
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U.S. stocks slipped amid a retreat in crude oil, as investors awaited more clarity on the timing of the next potential rate increase from the Federal Reserve and the outlook for American inflation.
Losses in the S&P 500 Index accelerated in the final 15 minutes of trading after a lackluster session that saw equities swing between gains and losses. The dollar advanced against the Canadian and Norwegian currencies, while gold capped its longest slump in more than two months. Oil fell for a fourth straight day as Canadian producers worked to resume operations after wildfires. Most industrial metals also slipped, and iron ore tumbled.