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By Staff Reporters
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Thecost of oil continues on an upward trend, and Americans are seeing yet another increase in the average cost to fill up at the gasoline pump. The average cost across the nation is up twenty cents per gallon year-over-year, at around $3.88 as of yesterday’s data release.
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Microsoft CEO Satya Nadella said Monday that unfair tactics used by Google led to its dominance as a search engine, tactics that in turn have thwarted his company’s rival program, Bing.
Nadella testified in packed Washington, D.C., courtroom as part of the government’s landmark antitrust trial against Google’s parent company, Alphabet. The Justice Department alleges Google has abused the dominance of its ubiquitous search engine to throttle competition and innovation at the expense of consumers, allegations that echo a similar case brought against Microsoft in the late 1990s.
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Here is where the major benchmarks ended:
- The S&P 500 Index ® (SPX) was up 0.34 point at 4,288.39; the Dow Jones Industrial Average was down 74.15 points (0.2%) at 33,433.35; the NASDAQ Composite (COMP) was up 88.45 points (0.7%) at 13,307.77.
- The 10-year Treasury note yield was up about 12 basis points at 4.691%.
- CBOE’s Volatility Index (VIX) was up 0.07 at 17.59.
Energy stocks were among the market’s weakest performers as crude oil futures dropped for a third-consecutive session to $90 a barrel. Financial shares were also lower, with the KBW Regional Bank Index (KRX) dropping more than 2% to a three-month low. Technology shares were among the few areas of strength.
The U.S. Dollar Index (DXY) strengthened to a 10-month high thanks to expectations that interest rates are likely to remain high for some time.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, iMBA, Inc., Investing | Tagged: Bing, CBOE, DJIA, DOW, DXY, gas, gas price, gasoline, Google., KRX, microsoft, Nadella, NSDAQ, oil, oil price, Russell 2000, S&P 500, Satya Nadella, search engines, VIX | Leave a comment »
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