Lola Evans
17 Sep 2019, 06:08 GMT+10
NEW YORK, New York - Soaring oil prices undermined stocks trading on Wall Street on Monday, but losses in the end were moderate.
Oil jumped by more than 12% at one stage after Saturday's attacks on the major Saudi Aramco oil facilities in Saudi Arabia.
The U.S. dollar rose strongly across-the-board as investors opted for the safety of the greenback.
At the close of trading Monday the Dow Jones industrials were down 143.24 points or 0.53% at 27,076.28.
The Standard and Poor's 500 lost 9.43 points or 0.31% to 2,997.96.
The Nasdaq Composite shed 23.17 points or 0.28% to 8,153.54.
The euro tumbled to 1.1007 by the New York close, after flirting with the 1.1100 level earlier in the day.
The British pound fell to 1.2424. The Japanese yen softened to 108.06, while the Swiss franc weakened to 0.9930.
The Canadian dollar dropped to 1.3246. The Australian dollar was only lightly easier at 0.6868. The New Zealand dollar sank to 0.6345.
On overseas markets, the German Dax declined 0.71%. In London the FTSE 100 lost 0.63%. The Paris-based CAC 40 was off 0.94%.
On Asian markets, In Tokyo, the Nikkei 225 rose 228.69 points or 1.05% to 21,988.29.
In China, the Shanghai Composite was barely changed, down 0.48 of a point or 0.02% to 3,030.75.
The Australian All Ordinaries edged up 4.90 points or 0.07% to 6,782.00.
Get a daily dose of The US News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to The US News.
More InformationNEW DELHI, India - India and China have agreed to push for an early disengagement of the frontline troops in ...
PanARMENIAN.Net - There is some evidence that a new coronavirus variant first identified in southeast England carries a higher risk ...
AMSTERDAM, Netherlands - A Canadian man, one of the world's most wanted fugitives, has been arrested by the Central Unit ...
LOS ANGELES, California (ANI/Big News Network) - American award-winning TV and radio host Larry King, who became a household name ...
PanARMENIAN.Net - Hong Kong's government declared its first lockdown on Saturday, ordering thousands of people to stay in their homes ...
Geneva [Switzerland], January 26 (ANI): The executive director of the World Health Organization's (WHO) Health Emergencies Programme, Mike Ryan, has ...
NEW YORK, New York - Wall Street got the wobbles on Monday after a sell-off in Europe and the UK. ...
Washington [US], January 25 (ANI): Potterheads have a reason to rejoice as a new 'Harry Potter' television series is currently ...
SYDNEY, NSW, Australia - Stocks hit the floor running on Monday in a positive start to the new week.Futures trading ...
The massive campaign organized by India's farmers against laws to deregulate the agricultural sector has entered its ninth week. The ...
Dutch airline KLM is to lay off up to another 1,000 people, following the 5,000 job losses of last year.Like ...
ALBUQUERQUE, New Mexico - Nearly 60 percent of residents rate Albuquerque's quality of life as excellent or good, according to ...