Economics
U.S. Stocks Drop With Oil as Energy, Bank Shares Lead Selloff
- Crude slides back under $30 a barrel, retracing recent rally
- Banks tumble as bonds surge, Treasury yields at 9-month lows
Are Yields Curves Hinting at a Global Slowdown?
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U.S. stocks retreated, with the Dow Jones Industrial Average losing more than 290 points, as investors shunned risk assets across the world while oil extended a selloff amid deepening concern that global growth is weakening.