U.S. stocks fell with the dollar and Treasuries, as investors bet the Federal Reserve will end its bond purchases and signal continued low interest rates. Oil rallied.
The Standard & Poors 500 Index slid 0.2 percent at 12:33 p.m. in New York after yesterday rising to within 1.5 percent of an all-time high. The Stoxx Europe 600 Index closed 0.3 percent higher and the MSCI Asia Pacific Index added 1.3 percent. Facebook slid 6 percent after projecting sales that trailed analysts highest predictions. Brent crude rose to a two-week high on OPEC comments. Russias ruble retreated to a record low for a sixth day.
Theres only a 50 percent chance the Fed will raise its interest-rate target to at least 0.5 percent by October next year, after ending its bond-buying program today and leaving its key rate near zero, futures data and analyst forecasts compiled by Bloomberg show. The S&P 500 Index has rallied 6.6 percent through yesterday amid better-than-estimated earnings and signs of a strengthening economy. The dollar headed for its longest losing streak in four months.