NEW YORK: Shares fell on Wednesday and the US dollar hit its strongest level in two months as data cast a pall on the economic outlook, reaffirming concerns that new restrictions to counter coronavirus infections will hurt the recovery.
The speed of recovery in U.S. business activity slowed in September, with gains at factories more than offset by a retreat at services industries, suggesting a loss of momentum in the world's largest economy as the COVID-19 pandemic lingers.
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