U.S. Jobs Data Fuels Stock Selloff, Hits Oil Price – Investors Turn to Safe-Haven Bonds

Surprisingly weak U.S. employment data on Friday stoked fears of a recession ahead, prompting investors to dump stocks and turn to safe-haven bonds. Treasury prices surged, sending yields to multi-month lows. Elsewhere in commodities, oil prices fell $2 a barrel. The dollar index hit its lowest since March. Richly-valued technology firms bore much of the … Read more