Global Stocks Slip During Holiday-Shortened Trading Week

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After posting five weeks of gains, global stock markets slipped back during a holiday-shortened trading week. Hints that the Fed might raise interest rates sooner than expected strengthened the U.S. dollar, which hurt equities and caused oil prices to retrace some of their gains over recent weeks. Gold prices fell and the widely watched yield on the ten-year U.S. Treasury note closed at 1.90%, up slightly from 1.87% the prior week.

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