Financials drag stocks lower on Deutsche Bank fine risk

September 16, 2016 7:25 PM

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Financials drag stocks lower on Deutsche Bank fine risk

NEW YORK The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading most global stock indexes lower.

U.S. data showing a strong increase in August consumer prices bolstered those arguing for the Federal Reserve to raise interest rates later this year, helping send U.S. Treasury yields and the dollar higher.

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