U.S. Stocks Decline for Seventh Day Amid Fed as Election Looms
- Tighter contest for president puts investors on edge
- S&P 500 in longest slide in five years as anxiety builds
This article is for subscribers only.
U.S. stocks fell, with the S&P 500 Index mired in its longest slump in five years, after investors shrugged at the Federal Reserve’s decision to stand pat on interest rates and remained on edge before the U.S. presidential election.
The Fed’s as-expected message did little to temper increasing anxiety over the implications from the Nov. 8 vote, which has begun to dominate market sentiment. Equities are also grappling with mixed earnings reports and a plunge in crude prices that sent oil to a one-month low. Facebook Inc. edged higher in after-hours trading following the social network’s quarterly results.