Wake Up Call for Markets as Stress Index Up Most in Year: Chart

Reid: Investor Fright From Central Bank 'Perfect Storm'

In a sudden end to the summer’s market calm, a global financial-stress index compiled by Bank of America Corp. surged on Friday by the most since China’s yuan devaluation in August last year. The move came after the gauge reached its lowest level since November the previous day. With the S&P 500 Index out of a tight trading range, stocks worldwide sank on Monday as Treasuries extended their slide into a fourth day and crude fell toward $45 a barrel.

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