Stocks Fail to Recover From Fed-Fueled Selloff: Markets Wrap
- Data on Thursday continued to underscore a robust US economy
- Yen declined after the BOJ left borrowing costs unchanged
This article is for subscribers only.
US stocks ended a choppy session with modest losses, struggling to rebound from the selloff they suffered after the Federal Reserve dialed back rate-cut expectations for next year.
The S&P 500 gave up earlier gains to end the day little changed. The Nasdaq 100 dropped 0.5% after oscillating between small advances and declines for most of the session.