U.S.
stocks retreated, sending the Standard & Poors 500 Index to its
fifth drop in six sessions, as the continuing selloff in oil
overshadowed a surge in industrial production and corporate deals.
The
S&P 500 fell 0.6 percent to 1,989.43 at 4 p.m. in New York, falling
below its average price for the past 50 days. The gauge lost as much as
1 percent today, slipping below its 100-day moving average before
paring the decline. It has lost 4.1 percent since closing at a record on
Dec. 5.
The
Dow Jones Industrial Average dropped 105 points today, or 0.6 percent,
to 17,175.83. The measure plunged 3.8 percent last week, the biggest
drop since November 2011.
The
S&P 500 erased an early advance of 0.8 percent today as crude
dropped. The benchmark stocks index then fell as much as 1 percent by
midday before paring losses. The gauge lost 3.5 percent last week as
crude plunged to a five-year low.
More
than $1.8 trillion was erased from the value of global equities last
week as oil prices tumbled on signs of weakening demand, raising concern
over the strength of the global economy.
Source : Bloomberg
0 komentar :
Post a Comment