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Stock Futures Slip as Fed Hints at Possible December Rate Hike

Stock futures retreated on Thursday from the previous day's rally following erratic trading after the Federal Reserve left open the possibility of an interest-rate hike in December.

S&P 500 futures were down 0.43%, Dow Jones Industrial Average futures fell 0.41%, and Nasdaq futures slid 0.56%.

Markets moved unpredictably on Wednesday, plummeting before rallying more than 1%, after the Fed held rates steady but left a potential December rate hike in play. Investors had hoped the Fed would provide further clarification on how likely a rate hike this year might be.

Pharmaceutical companies Pfizer (PFE) and Allergan (AGN) are reportedly considering a merger, according to reports. The two companies are currently in talks about a potential deal, though disagreements over price could prove to delay proceedings. Allergan shares jumped more than 11% in premarket trading, while Pfizer gained 2.9%.

Deutsche Bank (DB) shares were on watch after the company...


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