Stocks Drop Before Fed’s Last Decision of the Year: Markets Wrap
(Bloomberg) -- US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.Most Read from BloombergHow California Sees the World, and ItselfThe S&P 500 and the Nasdaq 100 slid 0.4%. The Dow Jones Industrial Average posted its longest losing streak since 1978. The yield on 10-year Treasuries was little changed at 4.40%. Bloomberg’s dollar gauge fluctuated for most of the session.Earlier, data showed that US retail sales increased