Stock Market Today: Dow, S&P Live Updates for Oct. 20 – Bloomberg

The fast-paced program is the quintessential market close show leading up to the final minutes and seconds before the closing bell on Wall Street with the latest news, data and expert analysis.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Ultimate Fighting Championship has long dominated the world of mixed martial arts. But UFC’s effort to swallow up competitors has triggered a class action by fighters who claim it’s abusing its power. Now a key court victory threatens the organization’s very business model.
DuPont, 3M Sued by California Over Toxic ‘Forever Chemicals’ 
Transcript: Isabella Weber On Germany’s Plan to Cap the Price of Gas
ECB Must Act ‘Decisively’ to Fight High Inflation, Nagel Says
Mexico Hikes Rate to 10% on Higher Core Prices, Matching Fed
BOE to Start Unwinding Emergency Bond Purchases From Nov. 29
Nike Co-Founder Says Kyrie Irving Partnership Is Likely Over
USA on Brink of Clinching Spot in 2023 Basketball World Cup
Tesla Official Afshar Turns Up at SpaceX in New Starship Role
Musk Starts Assembling New Cadre of Leaders Inside Twitter
Fake ‘Blue Check’ Twitter Accounts Flourish Under Elon Musk’s New Plan
Here’s What Changed in Top China Leadership’s Covid Language
Biden to Nominate Danny Werfel as Next IRS Commissioner
FTX Implosion Rattles Retail Investors Who Fear Their Money Is Gone
Inside FTX.US, Employees Are Trying to Sell Assets With Sam Bankman-Fried Away
USA on Brink of Clinching Spot in 2023 Basketball World Cup
Thanksgiving Dinner to Bust Wallets as Food Prices Surge
FTX Is Still Looking for Money
If Lauren Boebert Loses, Abortion Will Be the Main Reason
Biogen Lands a CEO Who Can Navigate Turbulence
A Narrow GOP Majority Is Kevin McCarthy’s Dream/Nightmare Come True
One of Gaming’s Most Hated Execs Is Jumping Into the Metaverse
Looming Debt Ceiling Fight Risks Tipping Scales on US Recession
A Pro Rugby Player Turned Banker Is One of Goldman Sachs’s New Partners
Washington Commanders Owner Snyder Sued by DC for Alleged Lies in Harassment Probe
Kinder Morgan Fire Likely Led to Methane Cloud Seen From Space
Solar Shares Soar After California Scales Back Subsidy Cuts
Can LA’s ‘Mansion Tax’ Unlock Affordable Housing Across California?
America’s First All-Electric Transit Agency Isn’t What You Might Expect
Can Cities Combat ‘Green Gentrification’?
FTX Implosion Rattles Retail Investors Who Fear Their Money Is Gone
Inside FTX.US, Employees Are Trying to Sell Assets With Sam Bankman-Fried Away
FTX Arena Deal Spurs Miami-Dade Warning About Need to Pay Up

It was another down day for stocks, with Treasury yields climbing amid hawkish remarks from Federal Reserve officials and swaps pricing in a 5% peak policy rate in 2023. The pound wavered after Liz Truss resigned as UK prime minister.
The wariness around economic challenges has been so pronounced that it doesn’t take much to see the S&P 500 dropping at least 1% after posting a rally of the same magnitude earlier in the day. It happened again Thursday, with the gauge seeing intraday swings of that size in both directions for the 16th time in 2022 — the most for any year since the financial crisis.

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