Stocks Edge Lower, Reversing Recent Gains; Commodity Stocks Rise as Data Points to Improving Economy
Stocks ended slightly lower, snapping a two-day winning streak as investors paused amid little apparent progress on a new federal budget and a fresh batch of economic data seen likely pushing the Federal Reserve to soon reduce its stimulus measures. Most industry sectors in the S&P 500 finished lower, although - as with the broader markets - the declines were limited, helped by late bargain shopping. Shares of material and mining stocks ended higher, however, boosted by rising commodity prices spurred by expectations of an improving economy.
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