A worldwide selloff accelerates as patchy U.S. data clouds the Fed’s next move, sending Wall Street tumbling and volatility surging into the end of the week.
Wall Street was bumpy yesterday. The S&P 500 and Dow Jones posted contractions of more than 1.6%, while the Nasdaq Composite fell by 2.3%. The VIX volatility index shot up by more than 20%, suggesting that skittish analysts expect the turbulence to c... [4280 chars]