US stock market indexes edged down after S&P 500 fell 84.62 points to 7,659.44, Dow Jones dropped 175.28 points to 52,002.41, and the Nasdaq declined 572.99 points to close at 26,140.03. For the week, the S&P 500 fell almost 1.95 per cent and the Nasdaq slumped 4.48 per cent, their deepest weekly declines since June. The Dow Jones climbed 0.67 per cent for the week.
Wall Street traders expect the Fed will keep its short-term rate unchanged at its policy meeting this month, but the odds of a rate increase at the December meeting have jumped to 74.3 per cent from 50.2 per cent a month ago, according to data from the CME Group.
