Global Stocks Slide Into Bear Market Amid Oil Rout as Yen Jumps

  • S&P 500 extends 2016 slide beyond 10% as bank selloff persists
  • WTI crude bounces off of 12-year low on OPEC speculation

Citigroup's Lee: U.S. Recession Fear Is 'Ridiculous'

World equities descended into a bear market, as an afternoon comeback in U.S. shares failed to erase losses that sent the Standard & Poor’s 500 Index to its lowest level since 2014. Oil pared declines after sliding to a 12-year low, while the yen climbed.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.