Stocks Fall And The Dollar Slides
Stocks fell worldwide as central banks do little to support lagging economies while disappointing corporate results continue to flood in.
While US equities briefly surpassed losses sparked by the Bank of Japan’s surprising decision to hold back from any further stimulus, the good times didn't last long—the Dow Jones Industrial Average closed Thursday down the most since Feb. 23, Bloomberg reports.
The dollar also fell the most in six weeks, pushing gains in commodities as haven assets jumped up due to the yen’s greatest advance since 2010.
And that’s not all—the S&P 500 tumbled 0.9%, its biggest one-day slide since April 7. However, the gauge is still ahead 0.8% in April—and on track for the first back-to-back monthly increases since November. [Bloomberg]