More concerning headlines out of China pressured stocks early Friday, though the major indexes managed to climb off their session lows as Treasury yields retreated from recent highs. Next week brings a key Federal Reserve event – one that sent the markets into a tailspin last year.
Amid quiet economic and earnings calendars here at home, investors' attention turned to China. That's because Evergrande, the country's second-largest developer, filed for Chapter 15 bankruptcy protection late Thursday. Chapter 15 allows foreign companies with domestic assets to get protection from creditors via U.S. courts.
