and the Dow scoring record closing highs after the release of Federal Reserve meeting minutes and ahead of September inflation data and the earnings season.) pared losses to finish down 1.5% after the U.S. Department of Justice said it may ask a judge to force Google to divest parts of its business. These include its Chrome web browser and its Android operating system, to curtail its search monopoly.
"The minutes confirmed what we'd thought all along and relieved investors. There was a debate about the 50 basis point cut, meaning that it wasn't a sweeping consensus that we needed to do a drastic 50 basis point cut," said Lindsey Bell, chief strategist at 248 Ventures in Charlotte, North Carolina.
Trading has been choppy this week, with investors adjusting rate-cut expectations after a surprisingly strong September jobs report suggested a U.S. economy that is in better shape than investors had feared. "News about antitrust initiatives create worries about what that means for the technology sector broadly and specifically the most dominant players," said Daniel Morris, chief market strategist for asset management at BNP Paribas (OTC:The expanding hurricane was closing in on Florida's west coast, spawning tornados and lashing the region with rain and wind hours ahead of its expected landfall near Tampa Bay Wednesday night where it could deliver a life-threatening surge of...
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