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Exxon barred from Iraqi oil, gas auction
NEW YORK, Nov. 4 (UPI) -- Gains held up, but U.S. markets turned sharply lower Wednesday after the Federal Reserve announced it would keep lending to banks at historically low rates.
News that the Fed left lending at zero to 0.25 percent might be welcome, but the Open Market Committee justified its decision on a recovery it called sluggish amid continued job losses.
By close, the Dow Jones industrial average remained 30.23 points ahead, up 0.31 percent, at 9,802.14. The Standard & Poor's 500 gained 0.1 percent, 1.09 points, to 1,046.50. The Nasdaq composite lost its early advantage, closing down 0.09 percent, 1.80 points, at 2,055.52.
On the New York Stock Exchange, 1,623 stocks advanced and 1,398 declined on a volume of 5.6 billion shares traded.
The benchmark 10-year U.S. Treasury fell 15/32 to yield 3.526 percent.
The euro rose to $1.4863 from Tuesday's $1.4712. Against the yen, the dollar rose to 90.77 yen from Tuesday's 90.34 yen.
In Japan, the Nikkei 225 index added 22.66 points, 0.42 percent, to 9,844.31.
In Britain, the FTSE 100 index gained 1.4 percent, 70.68 points, to 5,107.89.
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BOGOTA, Feb. 14 (UPI) --
Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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BRASILIA, Brazil, Feb. 14 (UPI) --
Brazil hopes the current economic downturn will give it an edge over competing suppliers and help secure a cheaper deal for its purchase of up to 36 fighter jets.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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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.
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