Arab Today, arab today us stocks dip as falling oil prices weigh
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

US stocks dip as falling oil prices weigh

Arab Today, arab today

Arab Today, arab today US stocks dip as falling oil prices weigh

US stocks
New York - AFP

Wall Street stocks closed modestly lower Tuesday as worries about sliding crude oil prices overshadowed Alcoa's strong unofficial start to quarterly earnings season.
The Dow Jones Industrial Average dropped 27.16 points, or 0.15 percent, to 17,613.68.
The broad-based S&P 500 fell 5.23 (0.26 percent) to 2,023.03, while the tech-rich Nasdaq Composite Index edged down 3.21 (0.07 percent) to 4,661.50.
Stocks had surged higher in early trade, but fell into negative territory in the afternoon as traders watched crude oil close at the lowest levels in nearly six years, continuing the steep slide since June when prices were above $100 a barrel.
US benchmark West Texas Intermediate for February fell 18 cents to settle at $45.89 a barrel on the New York Mercantile Exchange, its lowest close since March 11, 2009.
In London, Brent crude for February delivery, the international benchmark futures contract, finished at $46.59 a barrel, down 84 cents.
"Hopes of snapping the market's recent losing streak were dashed in afternoon action, as the solid early gains that came following some upbeat economic data, as well as yesterday's stronger-than-expected results from Alcoa, again fell victim to the unrelenting effects of the continued drop in crude oil prices," said Charles Schwab analysts in a market note.
Alcoa, which reported results after markets closed Monday, tumbled 2.3 percent, despite earnings that translated into 33 cents per share, well above the 25 cents projected by analysts.
MetLife fell 1.2 percent after the insurer announced it would challenge in court a US regulatory designation as a "systemically important financial institution," a classification that subjects it to tougher scrutiny.
Homebuilder KB Home plunged 16.3 percent. The company reported that fourth-quarter revenues jumped 15 percent to $2.4 billion but warned that its margins would be squeezed in 2015.
Tech heavyweight Apple rose 0.9 percent following an upgrade by Credit Suisse, while electronics retailer Best Buy ended flat despite an upgrade from Goldman Sachs.
Bond prices were largely unchanged. The yield on the 10-year US Treasury dipped to 1.90 percent from 1.91 percent Monday, while the 30-year stabilized at 2.50 percent. Bond prices and yields move inversely.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dip as falling oil prices weigh Arab Today, arab today us stocks dip as falling oil prices weigh

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dip as falling oil prices weigh Arab Today, arab today us stocks dip as falling oil prices weigh

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally

GMT 04:37 2017 Thursday ,11 May

Tadawul index near flat on varying 1Q results
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday