Wall Street edges down with eyes on Fed, China
NEW YORK (Reuters) – The S&P 500 and the Nasdaq slipped on Monday as China’s economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally. China’s trade balance plunged $31. 5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop. The data cast some doubt on global economic growth prospects after Friday’s U. S. . . .
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