U.S. stocks fell, while bonds rallied around the world as a deepening commodities rout and an unexpected drop in American retail sales fueled concern growth is slowing.
Treasuries rose and the dollar fell after employment gained more than forecast while hourly wages retreated, bolstering the case to keep rates low even as the economy strengthens. U.S.
U.S. stocks climbed following the worst start to the year since 2008 on speculation Federal Reserve meeting minutes will confirm continued monetary support as the economy grows.
The dollar climbed to a five-year high, U.S. stocks rose toward records and Treasuries fell after American payrolls beat estimates, as a strengthening economy bolstered the case for higher rates.
Gold prices slumped after U.S. employers added more workers than forecast last month, easing pressure on the Federal Reserve to maintain lower interest rates.
Economic growth in the U.S. stalled in the first quarter as harsh winter weather chilled business investment, exports dropped and inventories climbed at a slower pace.
The S&P 500 has fallen 2% this week, after sinking 2.1% yesterday on concern that valuations aren’t justified as earnings start. JPMorgan, the first major bank to report, fell 3.1%.
Ukraine sent additional police forces into eastern regions after pro-Russian protesters seized government buildings. In the U.S., technology stocks from Google Inc. to Yahoo Inc. rallied more than 2% after a three-day selloff
