Wall Street Slips on Aggressive Rate Hike Worries

Wall Street Slips on Aggressive Rate Hike Worries
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York on Oct. 26, 2020. Mike Segar/Reuters
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Wall Street’s main indexes slipped for the third straight day on Monday led by declines in health care and energy stocks as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession.

Five of the 11 S&P 500 sectors were down in early trading. Health care stocks fell 1.5 percent, weighed by a 5.5 percent drop in the shares of Moderna Inc.