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VOL. 45 | NO. 36 | Friday, September 3, 2021

Stocks slip as Fed report signals 'downshift' in economy

The Associated Press

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Stocks are closing lower on Wall Street Wednesday following a Federal Reserve report that shows U.S. economic activity slowed this summer amid rising worries over resurgent coronavirus cases and mounting supply chain problems and labor shortages.

The S&P 500 index fell 0.1%, the Dow Jones Industrial Average lost 0.2% and the Nasdaq composite gave back 0.6%.

Technology stocks had some of the biggest losses.

Chipmaker Advanced Micro Devices lost 2.%. Less risky investments, including consumer staples and utilities, made broad gains.

The yield on the 10-year Treasury note fell to 1.34%. Oil prices rose 1.4%.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0