Arab Today, arab today weak oil equities consumer confidence hit us stocks
Last Updated : GMT 14:28:10
Arab Today, arab today
Arab Today, arab today

Weak oil equities, consumer confidence hit US stocks

Arab Today, arab today

Arab Today, arab today Weak oil equities, consumer confidence hit US stocks

US stocks
New York - AFP

US stocks dropped in early trade Friday, led by weakness in energy equities following a bearish International Energy Agency outlook on the oil market and a fall in consumer confidence.
About 40 minutes into trade, the Dow Jones Industrial Average stood at 17,769.03, down 126.19 points (0.71 percent).
The broad-based S&P 500 fell 10.87 (0.53 percent) to 2,055.08, while the tech-rich Nasdaq Composite Index shed 14.18 (0.29 percent) to  4,879.11.
Crude prices fell after the IEA warned that a recent rally in the oil market probably would not last. Dow member Chevron dropped 1.5 percent, driller Transocean lost 2.9 percent and oil services giant Halliburton shed 2.2 percent.
Equities also took a hit after a University of Michigan measure of consumer confidence unexpectedly fell in March, to 91.2 from 95.4 in February.
After losing ground in the prior session, the dollar advanced Friday, rising closer to parity with the euro. The surge in the greenback has raised worries about US exports.
Ulta Salon, Cosmetics & Fragrance, a cosmetics retailer, rose 4.7 percent as fourth-quarter net income jumped 23.5 percent to $87.3 million behind an 11.1 percent rise in comparable sales.
Restaurant chain El Pollo Loco shot up 13.3 percent after reporting a $4.6 million profit in the fourth quarter, up from an $18.1 million loss a year ago. Comparable restaurant sales grew 7.6 percent.
Herbalife, a marketer of nutrition supplements, advanced 8.4 percent following reports that US investigators are questioning associates of activist Herbalife critic Bill Ackman in a probe of potential manipulation of the stock.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.12 percent from 2.11 percent Thursday, while the 30-year advanced to 2.71 percent from 2.70 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 weak oil equities consumer confidence hit us stocks Arab Today, arab today weak oil equities consumer confidence hit us stocks

 



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 weak oil equities consumer confidence hit us stocks Arab Today, arab today weak oil equities consumer confidence hit us stocks

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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