Thu Feb 4, 2016/Reuters Asian shares rallied on Thursday as speculation the U.S. Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices. By some measures the U.S. currency suffered its largest one-day percentage drop outside […]
Tag: Wall Street
Wall St. turns negative after weak services data
Wed Feb 3, 2016/Reuters By Tanya Agrawal U.S. stocks gave up early gains and turned negative on Wednesday after data showed that the economy’s service sector expanded at a slower-than-expected rate, raising concerns that weakness in manufacturing is spreading to other sectors. The Institute for Supply Management (ISM) said its […]
Wall Street falls 2 percent as Exxon Mobil, oil weigh
Tue Feb 2, 2016/Reuters By Caroline Valetkevitch U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil (XOM.N) and another steep drop in oil prices. Shares of Exxon (XOM.N) fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly […]
