MARKETS: Stocks moved broadly lower in early trading as investors shifted to a more cautious stance following another record high for the market a day earlier.
U.S. stocks moved broadly lower in early trading Thursday as investors shifted to a more cautious stance following another record high for the market a day earlier.
OCTOBER BUMP: The market is on pace to mark its second straight monthly gain. The S&P 500 is up 1.9% in October as an easing of trade tensions and surprisingly good corporate earnings gave investors more confidence. The central bank has been lowering rates in an effort to shore up U.S. economic growth as it faces threats from the U.S.-China trade war. On Wednesday, it indicated that it won't cut rates again in the coming months unless the economic outlook worsens.
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