Global Stocks, Commodities Fall as Rate Speculation Lifts Dollar
- Fed officials touting possible April rate hike stir markets
- Crude declines below $40 a barrel after U.S. stockpiles jump
A Deep Dive Into Markets With Gamco's Howard Ward
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Stocks dropped around the world, while U.S. shares erased declines, as the dollar extended gains into a fifth day, with the potential for higher interest rates from the Federal Reserve again roiling financial markets as the Easter vacation looms.
The Standard & Poor’s 500 Index ended little changed, with the benchmark gauge posting its first weekly decline in six, while European shares fell every day this week. The Bloomberg Commodity Index had its worst week in two months, with oil sliding below $40 a barrel. The dollar strengthened against all 16 major peers but two, as Treasuries fell.