Stock Markets Drop Amid High Oil Prices
11 Articles
11 Articles
Algemeen Dagblad
New York stock exchanges headed into the weekend on Friday with heavy losses, following the gains of the previous day. Chip stocks on Wall Street were among the decliners. Oil prices, on the other hand, rose sharply.
The New York Stock Exchange ended in decline on Friday, under pressure from the sharp rise in bond rates and a wave of sales of technological values, after a week of records.
[Digital Daily Reporter Lee Sang-il] The New York stock market closed lower across the board on the 15th (local time) as bond yields surged alongside inflation concerns caused by high oil prices. On the New York Stock Exchange, the Dow Jones 30 Industrial Average closed at 49,526.17, down 537.29 points (1.07%) from the previous close. The Standard & Poor's (S&P) 500 index fell 92.74 points (1.24%) to 7,408.50, while the technology-heavy Nasdaq …
The rising oil prices again fueled inflation fears on Friday, putting pressure on the US stock exchanges. Worldwide, yields on bond markets increased, which abruptly ended the recent record run on Wall Street.
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