Biotech Selloff Sinks U.S. Stocks; Dollar Gains, Treasuries FallBy and
Nasdaq Biotech Index sinks 5.1%, tumbles into bear market
Fed Chair Yellen sees liftoff in 2015, barring any surprises
A selloff in biotechnology shares halted a rally in U.S. equities, while the dollar rose and Treasuries fell after Federal Reserve Chair Janet Yellen reassured investors the turmoil in emerging markets won’t kill off U.S. economic growth.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.