Stocks Sink Into Worst Monthly Decline Since 2016: Markets Wrap

Treasuries climb, oil plunges after strong inventories report
European shares fall on China output data, dollar gains

BofAML’s Michelle Meyer says Fed Chair Powell hinted he may be comfortable with faster rate hikes.(Source: Bloomberg)

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By Kailey Leinz and Sarah Ponczek

February 27, 2018 at 10:11 PM UTC

Updated on

February 28, 2018 at 9:06 PM UTC

This article is for subscribers only.

U.S. stocks tumbled in afternoon trading, adding to the worst month for equities in two years, while Treasuries climbed with the dollar.

The S&P 500 Index dropped more than 1 percent, ending February with a decline of 3.9 percent in one of the wildest months in years. After a torrid January, the stock market sank into a recession a week later, only to claw back half of the rout just as quickly. Trading was heavier than normal Wednesday, with shares swinging between gains and losses for much of the day.