U.S. stocks finished the week with a massive sell-off at Friday’s closing bell. The Dow Jones Industrial lost 278 points to end below the 18,000 mark. All the major markets are off more than 1% on worries the Fed may raise rates sooner rather than later. The strong jobs report sparked bonds to sell off. Commodities took a hit from the rising U.S. dollar. Crude oil fell 2.26% to settle below $50 a barrel. Newmont Mining (NEM) tumbled from gold prices falling 2.8%. Regional banks did well in the session. PNC Financial (PNC), SunTrust (STI) and BB&T (BBT) all gained better than 1%.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
