US fund investors renewed their concerns about credit quality in corporate debt markets during the latest week, hitting leveraged loan and high-yield debt funds with multibillion-dollar withdrawals, Lipper data showed on Friday.

New York: US stocks closed lower Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 per cent or more from its recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oilNSE 1.23 % tumbled to its lowest level in more than a year, reflecting worries among traders that a slowing global economy could hurt demand for oil.

Mr Market was largely directionless and indecisive during the week gone by, as it whipsawed its way awaiting triggers from local and global markets.

Solar stocks have taken it on the chin in 2018, but that could present a buying opportunity for shares of SolarEdge Technologies, First Solar, and TerraForm Power.

Bonds and commodities are also set for early closes

Ether at risk of trading below $100

India Globalization Capital claimed it has a cannabis-based product to treat Alzheimer’s, but details are elusive

Dollar index firms as Brexit, economic data drag on sterling, euro

There’s not a main reason for the sell-off, but a widening sense of unease that several types of problems are rising at once.

Chris Burniske, a Placeholder Management partner, said that the US stock market retracement, sell-off of Ethereum, and the Bitcoin Cash hard fork were the three major factors behind the recent crypto wipeout.