Oil Prices Stoke Fears of Deflation in the Global Economy

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U.S. stocks took their first weekly loss in two months as plummeting oil prices stoked fears of deflation in the global economy. The DJIA and S&P 500 recorded their worst weekly losses in more than two-and-a-half years; the Nasdaq also posted a loss. European and Asian bourses sustained losses similar to or worse than U.S. markets.

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