United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Stocks skid as oil plunge continues; tech sector also falls

SeattlePI.com Friday, 9 November 2018
NEW YORK (AP) — U.S. stocks are falling Friday as technology and internet companies take steep losses. Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since March, causing steep losses for energy companies in recent weeks. Stocks have fallen over the last two days but are still on track for strong weekly gains. Bond prices rose, sending yields lower. KEEPING SCORE: The S&P 500 index dropped 29 points, or 1.1 percent, to 2,777 as of 12:50 p.m. Eastern time. The Dow Jones Industrial Average fell 220 points, or 0.8 percent, to 25,970. The Nasdaq composite fell 134 points, or 1.8 percent, to 7,396.
0
shares
ShareTweetSavePostSend
 
Credit: Wochit Business - Published < > Embed
News video: Stocks Dip As Fed Keeps Interest Rate Steady

Stocks Dip As Fed Keeps Interest Rate Steady 00:35

Stocks fell lower Thursday, as the Federal Reserve left its benchmark interest rate unchanged. The Dow Jones Industrial Average was mostly flat, and the S&P 500 was down 0.25%. According to Business Insider, US oil benchmark West Texas Intermediate tumbled into a bear market. Disappointing earnings...

You Might Like


Recent related videos from verified sources

Why Jim Cramer Says That Anadarko Redeemed Itself By Selling to Chevron [Video]Why Jim Cramer Says That Anadarko Redeemed Itself By Selling to Chevron

Jim Cramer kicked off his members-only Action Alerts Plus monthly call by talking about Chevron's purchase of Anadarko . Chevron said Friday it plans to buy Anadarko Petroleum for $33 billion in..

Credit: The Street     Duration: 00:48Published

S&P Stocks' Q1 Earnings Could Be Primed For Beats -- ICYMI [Video]S&P Stocks' Q1 Earnings Could Be Primed For Beats -- ICYMI

First-quarter earnings could show a lot of better-than-expected results. There's a caveat, but here's the logic: Earnings Beat? "The low bar is likely to be cleared," wrote LPL Financial's chief..

Credit: The Street     Duration: 01:43Published

Global Gauge Of Stocks Is Flat After Hitting Six Month High [Video]Global Gauge Of Stocks Is Flat After Hitting Six Month High

According to Reuters, a global gauge of stocks is flat after hitting a six-month high. On April 8th, MSCI's world stock index was held in the balance of losses on equity markets and gains for crude..

Credit: Wochit Business     Duration: 00:46Published

Stocks Decline But Crude Oil Is Up [Video]Stocks Decline But Crude Oil Is Up

According to Reuters, US stocks are in decline heading into a new week. By the afternoon on April 8th, the top three markets on Wall Street were down about 1-percent total. The Dow Jones Industrial..

Credit: Wochit     Duration: 00:40Published

Tech And Energy Sectors Boost S&P 500 [Video]Tech And Energy Sectors Boost S&P 500

According to Reuters, stocks on Wall Street are trading up, led by gains for tech and energy stocks. A day after Apple shares fell about 2-percent, Apple's stock recovered from the day before by..

Credit: Wochit     Duration: 00:38Published

Tech Stocks Give A Boost To S&P 500 [Video]Tech Stocks Give A Boost To S&P 500

According to Reuters, tech stocks led gains on Wall Street heading into a new week. During morning trading on March 11th, the S&P's tech sector rose 2-percent. Nvidia spiked by 7-percent after..

Credit: Wochit Business     Duration: 00:40Published

Why Oil Is Going to Stay Around $55 a Barrel [Video]Why Oil Is Going to Stay Around $55 a Barrel

Now that the U.S. is set to surpass Saudi Arabia in oil production, how should investors feel about oil? "I feel mixed about oil, right? I mean, look, the Saudis are trying to cut production. They made..

Credit: The Street     Duration: 01:02Published

Oil stocks slide [Video]Oil stocks slide

A sharp drop in crude oil prices drove down stocks of big energy companies more than 4 percent Friday morning. Fred Katayama reports.

Credit: Reuters Studio     Duration: 00:39Published


Other recent news in Business

Golf was making a comeback even before TIGER WOODS won the Masters. Here's one way investors can capitalize. (ELY)With Interest: The Week in BUSINESS: Pinterest Provides I.P.O. Inspiration and Tesla Shows Off Self-Driving Cars
Maxwell House Partners With Amazon For A 'Marvelous Mrs. Maisel' PASSOVER HaggadahBritish cyber expert PLEADS GUILTY to creating malware
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.