wall street closing
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Wall Street Closing

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Arab Today, arab today Wall Street Closing

Wall Street Closing
New York - SPA

U.S. stocks closed sharply lower Monday as investors awaited key inputs on economic growth.

In international economic news, excessively low inflation hurts consumers and damages the European Central Bank’s credibility, Mario Draghi, the bank’s president said Monday, defending loose monetary policy and the bank’s December rate cut.

The dollar traded slightly lower against major world currencies. Light sweet crude oil for March delivery lost $1.85 to $30.34 a barrel on the New York Mercantile Exchange, while gold futures added $9.00 to $1,105.30 an ounce.

The Dow declined 88, or 0.55 percent, to 16,005. The broader Standard & Poor’s 500 index fell 15, or 0.77 percent, to 1,892. The technology-heavy Nasdaq composite index dropped 30, or 0.66 percent, to 4,560.

 

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