U.S. stocks fell for a third day, helping drag global equities toward their first weekly decline of the year as concern over economic growth and trade disputes halted the torrid post-Christmas rally. Treasuries climbed.
The S&P 500 headed for its worst week since December, with global-growth concern mounting after Australia’s central bank joined European and British officials in tamping down forecasts at the same time the prospects for an extension of the U.S.’s trade detente with China continued to fade.
The S&P 500 fell 0.7 percent at 11:30 a.m. in New York. It’s lower by 0.7 percent in the week.
Source : Bloomberg