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Stocks Drop on Government Shutdown Concerns

Stocks Drop on Government Shutdown Concerns (Bloomberg)

U.S. stocks endured their biggest decline since August as investors grew concerned about the timing of eventual Federal Reserve stimulus tapering and a potential government shutdown. “It’s probably a little confusing to the market what’s coming out of the Fed,” John Kvantas, a San Antonio, Texas-based executive director at USAA Investments, said. “Maybe the Fed is trying to send a message that ‘yeah we didn’t taper, but it doesn’t mean we will never taper and maybe actually will taper still quite soon.’”

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