GLOBAL MARKETS-Stocks stumble, yields jump on rates outlook


The Dow Jones Industrial Average fell 201.81 points, or 0.56%, to 35,911.81, the S&P 500 gained 3.82 points, or 0.08%, to 4,662.85 and the Nasdaq Composite added 86.94 points, or 0.59%, to 14,893.75. For the week, the S&P 500 fell 0.3% while the Dow fell 0.9% and the Nasdaq fell 0.3%.

NEW YORK: Global stock markets stumbled again on Friday and U.S. Treasury yields climbed as cautious investors worried about how imminent U.S. interest rate hikes would affect the economy.

A warning from the largest U.S. bank JPMorgan Chase & Co that its profitability may fall below a medium-term target cast another pall on Wall Street.

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