Stocks Slip as Dollar Heads for Weekly Loss
Global stocks fell modestly Friday as markets stabilized after a sharp tech-led selloff, while the dollar was headed for a weekly loss.
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08:56:47 PM UTC
SquawkNews
MARKET WRAPSSTOCKS: Stocks slid and the Nasdaq completed its largest weekly loss since June amid fears about credit costs derailing the artificial-intelligence boom.TREASURYS: Long-term Treasury yields rose as oil prices surged again.FOREX: The U.S. dollar fell against rivals as the upward trend in…
Global stocks edged lower on Friday as markets steadied after a sharp selloff led by technology shares. The dollar was on track for a weekly loss. Markets have been unsettled this week by worries about higher interest rates and the debt-funded financing behind the AI boom.