Wall Street in the red pressed for oil – Magazine Saturday

Wall Street in the red pressured by oil

The US places ended in negative territory at a session in the fall of raw materials, especially oil, determined the feeling.

20:31 • Business

By David Santiago – Business Journal

the Dow Jones industrial Average ended the stock market session on Wednesday, March 23, losing 0.45% to 17,502 , 59 points, and the technological Nasdaq Composite which fell 1.09% to 4768.86 points, putting an end to that which was the largest earnings cycle (five consecutive days) of the last 11 months.

But the Standard & amp index; Poor’s 500 yielded 0.6% to 2036.68 points, interrupting a series of four consecutive sessions to value.
The pressure on the main squares of the United States were the losses for raw materials. And in particular the sharp fall for oil throughout the day. Crude oil traded in New York, West Texas Intermediate (WTI), follows even falling 3.96% to $ 39.81 per barrel, that one day we arrived back to 4.29%, the largest decline in the past six months.
determining this behavior of “black gold” was the Energy Information Administration that showed that the country’s inventories increased by 9.36 million barrels last week.

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