U.S.
stocks fell with the dollar and Treasuries, as investors bet the
Federal Reserve will end its bond purchases and signal continued low
interest rates. Oil rallied.
The
Standard & Poors 500 Index slid 0.2 percent at 12:33 p.m. in New
York after yesterday rising to within 1.5 percent of an all-time high.
The Stoxx Europe 600 Index closed 0.3 percent higher and the MSCI Asia
Pacific Index added 1.3 percent. Facebook slid 6 percent after
projecting sales that trailed analysts highest predictions. Brent crude
rose to a two-week high on OPEC comments. Russias ruble retreated to a
record low for a sixth day.
Theres
only a 50 percent chance the Fed will raise its interest-rate target to
at least 0.5 percent by October next year, after ending its bond-buying
program today and leaving its key rate near zero, futures data and
analyst forecasts compiled by Bloomberg show. The S&P 500 Index has
rallied 6.6 percent through yesterday amid better-than-estimated
earnings and signs of a strengthening economy. The dollar headed for its
longest losing streak in four months.
Source: Bloomberg
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