Here are the most important news items that investors need to start their trading day:
1. Slow September
Stocks fell Wednesday amid worries that the Federal Reserve might not be done hiking interest rates. The Dow Jones Industrial Average dropped nearly 200 points or 0.57% on Wednesday, while the S&P 500 lost 0.7% and the Nasdaq Composite shed 1.06%. On the other hand, treasury yields jumped and the yield on the 2-year Treasury note traded above the 5% level. The rate hike concerns came as recent readings on both the services and manufacturing sectors of the U.S. economy indicate prices are moving in the wrong direction. Follow live market updates.
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