Posts Tagged ‘sector’
In electronic trading in Asia today crude oil prices declined for two consecutive days (9.5). Crude oil prices fell again in speculation that the U.S. economy weakened and China. Weakening of the economies of both countries with the largest economy has the potential to cause large drop in demand for commodities including crude oil.
Crude oil prices decreased by 0.9%, a decrease of 2.8% increase that occurred at the close trading weekend. Asian bourses, which fell looked more crude oil price movements. China’s service sector slowed in August.
Crude futures for October delivery declined 77 cents and traded at 85.68 dollars per barrel position. Crude oil prices are the most active contract late last week closed with a record of 2:48 sharp dollar decline (2.8%) in the position of 86.45 dollars per barrel. Read the rest of this entry »
Stocks on Wall Street fell back after the disappointing release of unemployment data including the re-housing sector raised concerns about the economic recovery.
In trading Thursday (09/23/2010), the Dow Jones industrial average (DJIA) closed down 76.89 points (0.72%) to the level 10662.42. The broader Standard & Poor’s 500 index also fell 9.45 points (0.83%) to a level of 1124.83 and the Nasdaq fell 7.47 points (0.32%) to a level of 2327.08.
But trading volume was thin with a transaction on the New York Stock Exchange amounted to only 7.21 billion shares, below average last year reached 9.65 billion shares.
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