U.S. Equities edged lower as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting tomorrow. The pound tumbled more than 1%. The S&P 500 Index fell for the second time in three sessions after reaching a record Friday as Amazon Inc., Facebook Inc., Alphabet Inc. and Netflix Inc. all slid. Apple Inc. gained ahead of its earnings announcement this evening, helping to lift the Dow Jones Industrial Average. Drug companies got a boost from surging Mylan NV after the generic drug maker and Pfizer Inc. announced merger plans The 10-year Treasury yield declined for a second day to 2.06% before the Fed’s anticipated rate cut on Wednesday. The US Dollar climbed to the highest in almost two months before a new round of trade talks between the U.S. and China this week. The Pound slid to its lowest level in more than two years as U.K. Prime Minister Boris Johnson stepped up preparations for a no-deal Brexit.
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