U.S. Stocks Tumble With Crude as Bonds Rise, Dollar Weakens
- S&P 500 falls to lowest in two months as Treasuries rise
- Copper, gold climb higher as crude oil extends decline
Could U.S. Economy Face a Downturn in 2016?
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U.S. stocks tumbled to their lowest level in two months, while the dollar trimmed a weekly gain as investors focused on prospects for a slowdown in global growth and continued to adjust to the end of near-zero interest rates in America.
The Standard & Poor’s 500 Index pushed its worst two-day slide since Sept. 1 to 3.3 percent and erased its gain for the week. The Dow Jones Industrial Average tumbled more than 350 points Friday. Government bonds rallied as West Texas Intermediate crude traded near a six-year low, damping inflation expectations. Brazil’s real and stocks fell amid speculation that the president will name a new finance minister.