Shares of banks and other financial institutions slipped as traders hedged their bets on the Federal Reserve's next move.
Fed funds futures market assign a roughly 93% chance that the central bank will keep rates unchanged. Some strategists said the Fed could still act, particularly if Chairman Kevin Warsh feels market stresses associated with AI credit fears have been alleviated.
Shares of S&P Global fell after the credit ratings and financial analytics firm posted third-quarter earnings and said it was weighing a potential separation of its Capital IQ research platform and associated operations.
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