Stocks Worldwide Tumble as Credit Weakens Amid Signs of Distress

  • Banks, miners lead S&P 500 to lowest close since April 2014
  • Treasuries advance as haven demand fuels rally in gold, yen

Euro-Dollar Parity Depends on Fed Rate Hikes: Juckes

Signs of distress in financial markets accumulated amid deepening concern over the health of the global economy, with U.S. stocks sliding to a 22-month low as the cost of protecting against default by junk-rated companies soared to the highest level since 2012.

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