Turkey woes see Wall Street end week on sour note

Traders work on the floor of the NYSE in New York

The Russell 2000 gained 13.43 points, or 0.8 percent. The Dow Jones Small-Cap Growth TSM Index closed at 10,474.34 for a loss of -18.84 points or -0.18%.

Crude oil prices failed to make a decisive recovery on Thursday even though the USA sanctions against Iran went into effect on Thursday and the S&P 500 Energy Index closed the day 0.9% lower.

Bank shares led the way lower in the U.S.as Bank of America, Goldman Sachs and Morgan Stanley all dropped at least 1 percent.

Shares of Apple rose 1 percent, while those of Amazon were up 0.5 percent and Microsoft 0.3 percent.

The Russell 2000 is up 151.29 points, or 9.9 percent.

The Canadian dollar averaged 76.26 cents USA, down 0.43 of a USA cent.

Microchip Technology shares fell 11.6 percent after disappointing second-quarter revenue forecast.

The euro was down 0.5% to $1.1463 and the dollar hit a one-year high as investors looked for safe assets, before falling slightly.

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The geopolitical turmoil in Turkey is certainly making waves across the global economies, particularly in the United States where the Dow Jones Industrial Average fell over 200 points today.

"Problems in emerging markets are more important than ever because of the global growth engine that emerging markets have become", Peter Cecchini, chief market strategist at Cantor Fitzgerald in NY, wrote in a note.

The S&P 500 is up 179.97 points, or 6.7 per cent.

Tesla Inc's (TSLA.O) shares also fell to a two-day low and wiped out all of the gains fueled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private.

The Dow is up 790.01 points, or 3.2 per cent.

The S&P index recorded 21 new 52-week highs and three new lows, while the Nasdaq recorded 63 new highs and 65 new lows.

Declining issues outnumbered advancers for a 2.34-to-1 ratio on the NYSE.

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