Shareholders of the largest U.S. hedge funds have begun a bidding war to determine whether the U.A.E. currency will continue to rise, and the price of one of their preferred currencies has fallen sharply.
The Dow Jones Industrial Average fell 5.6 percent to 19,903.80, and Nasdaq Composite Index dropped 5.2 percent to 8,879.07.
The S&P 500 index gained 2.7 percent to 2,902.15, and U.P. index fell 0.2 of a point to 1,838.59.
The move follows strong gains in commodities, the world’s biggest stock market.
The benchmark benchmark Brent crude oil price, which has been surging, was down more than $2 a barrel to $52.25 a barrel on Friday, its lowest level in three weeks.