U.S. Stocks Close Lower as Investors Eye Next Fed Meeting

U.S. stocks dropped Thursday, with investors mulling how this week’s inflation report likely cements the Federal Reserve’s path to continue raising interest rates aggressively.

The three major indexes fell at the open, rose briefly at midmorning and then fell again in erratic trading. The S&P 500 fell 44.66 points, or 1.1%, to 3901.35 after data showed a strong economy that could encourage the Fed to keep raising interest rates at a rapid pace.

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