Stocks attempted to recover following the sharpest selloff in three months on Thursday. Though the rally lost some steam in the afternoon -- with stocks even briefly turning red -- the major indexes ended the day higher. Global stocks ended lower Friday after fears of a sharp increase in coronavirus cases. Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, said that US markets are likely to continue to set the tone for global stocks. Oil markets followed a similar dynamic to stocks, recovering from steep losses in earlier trading before giving up their gains.

Source: CNN June 12, 2020 02:36 UTC