By Staff Reporters
***
***
STOCKS: The S&P 500 fell 55 points. The Dow Jones Industrial Average fell 447 points and the NASDAQ fell 186 points. The losses were broad, with technology, health care and financial stocks among the biggest weights on the benchmark S&P 500 index. Microsoft fell 1.2% and Abbott Laboratories slid 3.5%. Retailers and communications companies also lost ground.
OIL: Energy stocks rose as crude oil prices climbed more than 4%. Hess rose 2.8%.
MOSCOW: Russia’s central bank has decided to gradually resume trading on the Moscow Exchange in the equity markets after the country’s longest trading halt began on February 24th. Federal loans and bond trading resumed on Monday. Bidding will be held from 10:00 to 11:00 Moscow time in the discrete auction mode, then from 13:00 to 17:00 Moscow time in the usual mode. Short selling on such instruments will be prohibited.
GIF: Stephen Wilhite, the creator of the GIF died at age 74. The Graphics Interchange Format, dates back to the 1980s, when Wilhite was looking for a way to send high-quality graphics in color during the early stages of the internet.
***
COMMENTS APPRECIATED
Thank You
Subscribe to the Medical Executive-Post
***
**
Filed under: Alerts Sign-Up, Investing | Tagged: bear market, DJIA, Energy stocks, GIF, Hess, microsoft, moscow stock exchange, MSFT, NASDAQ, oil, S&P, S&P 500 Index |
Leave a Reply