Friday Rout in Global Equities Sends U.S. Stocks Lower for Week

April 18, 2015 2:45 AM

53 0

Friday Rout in Global Equities Sends U.S. Stocks Lower for Week

A Friday rout in global equities sent U.S. stocks to their first weekly loss of the month, as disappointing earnings, signs of higher inflation and concerns from China to Greece curbed demand for risk assets.

The Standard & Poor’s 500 Index lost 1 percent in the five days, ending the period with its worst drop in three weeks. While an energy rally took the gauge to within 10 points of a record Wednesday, it has now stalled short of the mark 33 straight days, the longest streak since June 2013.

Read more

To category page

Loading...