Traders work on the floor at the New York Stock Exchange in New York City, U.S., March 5, 2020.US stocks rallied at Monday's open, following the worst trading week of the year last week.
The potential for the Fed to keep interest rates higher for longer is spooking investors, as the move would make equities less attractive. Monday data showed durable goods orders dropped in January as Americans cut back spending on big-ticket items. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
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