Ex-JPMorgan metals traders face trial on racketeering charges

U.S. stocks head for longest losing streak in a month as rate-hike fears, weak bank earnings bite

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U.S. stocks fell sharply Thursday as investors braced for the possibility of a full percentage point increase in the Federal Reserve’s benchmark interest rate later this month, while weak megabank earnings also weighed on sentiment.

The S&P 500 is on track to mark its fifth day in the red — the longest losing streak for the American benchmark in a month. If the Dow finishes the session at current levels, it would mark the blue-chip average’s biggest loss since June 28.

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