U.S. Stocks Stumble as Growth Anxiety Returns; Dollar, Oil Climb

  • Private payrolls data trails estimates while services expand
  • Turkish lira sinks amid concern political risk is returning

Negative Interest Rates and the Global Financial System

U.S. stocks slid to a three-week low as concern that global growth remains tepid sent equities lower from Europe to developing nations. Oil traded near $44 a barrel, while the dollar strengthened for a second day after falling to its lowest point in almost a year.

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