Market Snapshot: S&P 500 logs worst day in 6 weeks as Turkey’s lira crisis spotlights global risks [MarketWatch]
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Source: MarketWatch
S&P 500 logs worst day in 6 weeks as Turkey’s lira crisis spotlights global risks The S&P 500 on Friday notched its worst daily drop since late June amid a broad global equity retreat that was fueled by a mounting currency crisis in Turkey, which has raised the alarm for possible contagion into other markets. The U.S. dollar DXY, +0.73% viewed as a haven relative to other currencies, muscled to its firmest level in 14 months against major rivals. The S&P 500 SPX, -0.71% lost 20.30 points to 2,833.28, a slide of 0.7%, marking its third straight down session and the worst one-session slump since June 27, according to Dow Jones Market Data—a statistic that highlights the narrow range the broad-market index has traversed in the past several weeks. The Dow Jones Industrial Average DJIA, -0.77% fell 196.09 points, or 0.8%, to 25,313.14. Friday was the Dow’s third straight daily decline, as well as its biggest one-day percentage fall since July 11. Friday’s decline helped to push th
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