Lowe s Prices $2 Billion Notes Offering
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Equities, oil prices fall in US on concerns over Covid-19 surge in Europe
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NEW YORK (March 17): Wall Street s S&P 500 index ended lower on Tuesday and a gauge of global equities was close to flat as investors awaited the Federal Reserve and other central bank meetings this week, where regulators will indicate whether they will retain policies supporting a post-pandemic recovery.
U.S. stocks retreated late in the session, with the Nasdaq shedding more than a 1% gain, as yields on longer-maturity U.S. Treasury bonds ticked up, nipping investor enthusiasm for tech stocks that are high-growth but wary of rising inflation.
The U.S. dollar edged up against the euro and commodity currencies such as the Australian and New Zealand dollars as the two-day Fed meeting kept trading from being volatile. .