A sharp drop in the Turkish lira set off a global decline in stocks and a rush to sovereign bonds on Friday, pushing most of the major U.S. and European equity indexes into the red for the week.
After trading in the red most of the day, the major U.S. stock averages managed to stage a mild rally in the afternoon to end with modest gains. [Read more…]
Global stocks were lower again on Wednesday while crude oil prices staged their biggest rebound in more than 2 ½ years. [Read more…]