Dow falls 100 points as oil slides; biotech weighs on Nasdaq
U.S. stocks traded lower as declines in oil weighed amid the July employment report that supported the case for a rate hike as early as September.
Blog
Crude oil slides on dollar strength, set for sixth weekly loss
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
Crude oil slides on dollar strength, set for sixth weekly loss
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
Dow falls 100 points as oil slides; biotech weighs on Nasdaq
U.S. stocks traded lower as declines in oil weighed amid the July employment report that supported the case for a rate hike as early as September.
Cuba plans boating boom as US luxury ships head to Havana
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
Crude oil slides on dollar strength, set for sixth weekly loss
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
Cuba plans boating boom as US luxury ships head to Havana
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
Gold edges up, faces longest weekly losing run since 1999
Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at
Cuba plans boating boom as US luxury ships head to Havana
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
German industrial production drops unexpectedly in June
German industrial production unexpectedly dropped in June as a result of weaker performances by the construction and machinery sectors and calendar effects caused by public holidays. Exports also dropped …