Wall Street adrift; mixed bank reports

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 Wall Street adrift; mixed bank reports




Experts observe monitors in the exchange rate room at KEB Hana Bank headquarters in Seoul, South Korea, on Wednesday, Oct. 14, 2020. (AP Photo / Ahn Young-joon)


© Provided by Associated Press
Experts look at monitors in the exchange rate room at the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 14, 2020. (AP Photo / Ahn Young-joon)


NEW YORK (AP) –

Stock prices on Wall Street drifted Wednesday on mixed balance sheets at some of the nation’s largest banks.

The S&P 500 ranged between small gains and losses and was down 0.1% at noon, a day after ending a strong four-day bullish streak. The Dow Jones Industrial fell 0.1%, or 27 points, to 28,652, and the Nasdaq also fell 0.1% after an initial advance of 0.6%.

Other global stock markets have slumped as coronavirus outbreaks mount, increasing the danger of governments imposing further restrictions on business.

In the United States, the chances that Washington will grant a great plan to support the economy in the short term are diminishing. Bond yields were declining as oil and gold prices rose.

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