U.S. Stocks Trim Three-Day Advance Before Fed Decision on Rates

December 16, 2015 4:26 PM

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U.S. stocks climbed for a third day as investors await what is widely expected to be the first Federal Reserve interest-rate increase in almost a decade.

Leadership shifted Wednesday as crude oil retreated and energy slumped after spending two sessions out in front. Industrials paced early gains, with Honeywell International Inc. up 4.3 percent after earnings forecast beat some analysts’ estimates. Homebuilders rose after housing starts were stronger...

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