Concerns about interest rates weighed on U.S. markets, and stocks settled near the lows of the session. Fred Katayama reports.
Conflicting statements from fed officials bomb monetary policy raised concerns about interest rates and that weighed on US market. Adding to those worries International Monetary Fund managing director Christine Lagarde says. Global economic growth faces increasing risks. This comes as Wall Street starts doing earnings reports from corporate America. Oppenheimer Funds Alec young in the near term I think we policy range bound and got investors were really going to be looking to law. Earnings guidance next week the US trade deficit widened more than expected in February it was a latest indication that economic growth remained weak in the first quarter. A source tells Reuters the US Justice Department will soon to stop the merger Halliburton Baker Hughes the second and third largest oil services companies. Baker Hughes shares dropped while Halliburton stock rose. How are again getting whacked the US treasury unveiled new rules to curb tax inversion deals that could derail the drug maker's plans to merge with Pfizer. Pfizer's stock rose. Value says a board committee review of their own accounting practices found no new issues that would require restatements. Shares rose. Disney stock slid on concerns about succession plans for CEO Bob Iger. The executive would been widely seen as next in line for the top job chief operating officer Tom stags. Is unexpectedly stepping down. In Europe shares touched their lowest level in almost six weeks. Led lower by German stocks on weaker than expected economic.