Wall Street's short winning streak came to a brutal end Friday as a disappointing jobs report sent stocks skidding and the Nasdaq composite to its lowest level in more than 15 months.
NEW YORK Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut.
The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014.
WASHINGTON - President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020.
If the current weakness in the global economy sustains, a rate cut is likely instead of rate hike. China remains a major concern from a economic growth perspective and from the perspective of Yuan devaluation impact on global economy.