Stocks Dip Ahead of Fed News; Oil Prices Drop

Traders work on the floor of the New York Stock Exchange (NYSE) in N.Y. on Dec. 18, 2018. Brendan McDermid/Reuters
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NEW YORK—Global equity markets dipped on Dec. 18 as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.

Energy stocks weighed on the U.S. market as oil price declines deepened.