Economy | News-Opinion
CLOSING BELL: October 18th: DJIA: 13,548.94 | DOWN 8.06 | -0.06%
OIL: $92.102 DOWN 0.02, -0.02%
GOLD: $1,744, DOWN 8.30, -0.47%
GASOLINE: (US Avg): $3.737, DOWN .019
Global stocks dip on Wall Street drop, Spain yields fall
Rodrigo Campos, Reuters – Global shares dipped on Thursday, weighed down by a late decline on Wall Street, though a European benchmark hit a 15-month closing high as tension surrounding the euro zone’s debt crisis continued to ease.
The euro fell against the dollar but hit a five-month high against the yen in what has been a strong run as expectations grow that Spain will ask for financial aid before long.
U.S. stocks fell after Google (GOOG.O) shares tumbled following its quarterly results, which were published inadvertently and showed revenue and earnings fell short of forecasts. The results added to caution after a rise in weekly jobless claims.
“It was a disappointing report and it got dumped on the market in the middle of the day, giving people no time to sort it out,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments in Lisle, Illinois.
Read the full story at Reuters [here]
The Common Good publishes a financial market wrap-up every weekday after markets close, available here.
