1.
Auto Outlook: Toyota bullish on U.S. comeback
NEW YORK, Feb. 8 (UPI) -- U.S. markets could not mount a comeback Friday as oil prices surged over a dollar per barrel on the New York Mercantile Exchange.
Oil ministers from the Organization of Petroleum Exporting Countries said world supplies are stable and hinted at possible cuts in production.
The Dow Jones industrial average slipped 0.5 percent at the close, down 64.87 points to 12,182.13.
The Standard & Poor's 500 index lost 5.62 points or 0.42 percent to 1,331.29.
The Nasdaq composite index rose slightly, up 11.82 points to 2,304.85, a gain of 0.52 percent.
On the New York Stock Exchange, 1,084 stocks advanced while 2,038 declined on volume of 3.730 billion shares traded.
The 10-year Treasury note rose 1-1/32, yielding 3.647 percent.
The dollar lost ground. The euro traded at $1.4505, compared with $1.4473 on Thursday. The dollar traded at 107.31 yen, down from 107.52 yen on Thursday.
In Tokyo, the Nikkei average dropped 1.4 percent Friday, down 189.91 points to 13,017.24.
In London, the FTSE 100 rose 59.90 points to 5,784.00, up 1.05 percent.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
|
WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
|
| Stories | Photos | People | Comments |
View Caption
