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@deal2deal:U.S. stocks fell Wednesday, with the Dow industrials giving up gains to end the day down 28 points. There was excitement across the pond: British bond yields jumped early Wednesday, with some longer-dated debt flirting with 5%. But the Bank of England was in the market buying heavily, and yields receded in the afternoon. The Bank of England insists its bond-buying program will end Friday, despite calls for an extension. In the U.S., the minutes from the Fed's September meeting showed that officials remained concerned about inflation--and the effect of interest-rate increases. In the end, all three major indexes finished down. Investors were digesting producer-price data for September and some major earnings. PepsiCo rose after the beverage giant lifted its sales guidance again. Moderna shares jumped after reaching a deal with Merck on a cancer vaccine. @Daily_Discussion
U.S. stocks fell Wednesday, with the Dow industrials giving up gains to end the day down 28 points. There was excitement across the pond: British bond yields jumped early Wednesday, with some longer-dated debt flirting with 5%. But the Bank of England was in the market buying heavily, and yields receded in the afternoon. The Bank of England insists its bond-buying program will end Friday, despite calls for an extension. In the U.S., the minutes from the Fed's September meeting showed that officials remained concerned about inflation--and the effect of interest-rate increases. In the end, all three major indexes finished down. Investors were digesting producer-price data for September and some major earnings. PepsiCo rose after the beverage giant lifted its sales guidance again. Moderna shares jumped after reaching a deal with Merck on a cancer vaccine. @Daily_DiscussionDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.