Stocks Fall, Caught Up In Global Currency Turmoil, Emerging-Market Exodus

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It's another feeding frenzy on Wall Street today, with money flowing out of equities and into bonds and other interest-rate sensitive markets as traders take advantage of growing currency instability in Turkey, Argentina and Thailand. U.S. stock indices are falling again as the U.S. and the UK begin to ratchet up interest rates, triggering instability in several developing economies. Industrials were especially hard hit, with Dow components Boeing ( BA ), Caterpillar ( CAT ) and General Electric ( GE ) offsetting significant gains for Microsoft ( MSFT ) and Proctor and Gamble ( PG ) following better than expected earnings in their December quarters.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: BA , CAT , GE , MSFT , PG

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