Congrats to Dr. Angus Stewart Deaton

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[Staff reporters]

Angus Deaton – Princeton University

The Princeton University economist Angus Deaton won this year’s Nobel Prize in economic sciences.

Nobel Prize Medal



One Response

  1. The Markets

    According to Schwab Financial Research, U.S. stocks closed solidly lower following some mixed commentary from Federal Reserve officials and a downbeat assessment of global growth and trade from European Central Bank President Mario Draghi.

    Treasuries were mostly higher, returning to action after being shuttered for Veterans Day, while the economic docket revealed some mixed domestic employment data.

    The U.S. dollar, gold and crude oil prices were lower. The Dow Jones Industrial Average (DJIA) declined 254 points (1.4%) to 17,448, the S&P 500 Index lost 29 points (1.4%) to 2,046, and the Nasdaq Composite fell 62 points (1.2%) to 5,005.

    In moderate volume, 870 million shares were traded on the NYSE and 1.8 billion shares changed hands on the Nasdaq. WTI crude oil lost $1.18 to $41.75 per barrel, wholesale gasoline was $0.06 lower at $1.27 per gallon, and the Bloomberg gold spot price fell $1.74 to $1,084.52 per ounce. Elsewhere, the Dollar Index-a comparison of the U.S. dollar to six major world currencies-was 0.5% lower at 98.52.

    Dr. David E. Marcinko MBA

    PS: Congrats again to Angus!


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