Stocks Fall as Economic Strength May Keep Interest Rates Higher for Longer

What you need to know… The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.70%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.88%. Stocks on Wednesday posted moderate losses, with the S&P 500 and Nasdaq 100 posting 1-week lows and the Dow Jones Industrials posting a 1-1/2 week low. Stocks opened lower Wednesday on negative carryover from a fall in the Euro Stoxx 50 to a 1-1/2 week low on weaker-than-expected Eurozone economic news. Stocks extended their losses as bond yields jumped after Wednesday’s Aug ISM services …

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