U.S. Stocks Post Decline for Week Amid Tax Debate: Markets Wrap
- Treasuries, European bonds slide; oil and gold tumble
- Weakness in health-care, energy shares push S&P 500 lower
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Treasuries fell for a third day and U.S. stocks limped to the end of a week that saw a bout of volatility return to global financial markets.
The S&P 500 Index slumped, posting its first down week since early September. The move was led in part by health-care shares, which dropped as the industry grapples with how to handle Amazon as a potential competitor. Energy stocks also struggled as crude slipped below $57 a barrel amid rising tensions in the Persian Gulf.