Stocks Decline; Retail Sales Miss Lifts Treasuries: Markets Wrap
- Futures show rate cut priced back into next Fed meeting
- Brexit negotiations trigger swings in pound; crude oil rises
This article is for subscribers only.
U.S. stocks fell, led by energy and technology shares, as investors mulled earnings reports and the prospects of trade negotiations. Treasuries rose after retail sales unexpectedly declined.
In earnings, Bank of America jumped after deal fees surged, continuing a string of strong bank results. Nexflix rose in after-hour trading on positive results. The dollar also edged lower after the retail sales report renewed expectations for an October rate cut by the Federal Reserve.