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US stocks and Treasuries dropped as traders mulled the Federal Reserve’s path next year after central bank officials vowed to keep raising rates until they’re confident inflation has been subdued.
The S&P 500 and the tech-heavy Nasdaq 100 fell. Declines in the shares of Apple Inc., Microsoft Corp. and Amazon.com Inc. weighed on both indexes. Treasury yields climbed, with the policy-sensitive two-year yield around 4.23%.
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