While you were sleeping: Stocks tumble, gold rises

Mon, 04 Jan 2016

By Margreet Dietz Jan. 5 (BusinessDesk) - Equities sank on both sides of the Atlantic, while US Treasuries and gold strengthened amid concern about global economic growth.Disappointing factory activity data from China prompted a stock market selloff and a subsequent trading halt, while the nation’s central bank allowed the yuan to weaken again. “China is a reminder that there aren’t many things to be bullish about going into this year,” Michael O’Rourke, chief market strategist at JonesTrading Institutional Services in Greenwich, Connect...

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