From USA TODAY / AP:
Global stock markets tumbled Friday amid fears the U.S. may be heading back into recession and Europe’s debt crisis is worsening. The sell-off follows the biggest one-day points decline on Wall Street since the 2008 financial crisis.
Oil extended sharp losses to fall below $84 a barrel amid expectations a slowing global economy will undermine demand for crude.
“Losses today have been indiscriminate,” said IG Markets strategist Ben Potter in a report. “The big question on everyone’s mind is what will happen across European and US markets tonight and will there be any form of emergency policy response?”
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