Stock markets opened a bit higher this morning, but turned south pretty quickly as rising prices for crude oil neared $107/barrel. Then a downgrade of the semiconductor sector from Wells Fargo analysts pushed indexes lower. WTI crude oil settled slightly above $105/barrel for the day, and gold is trading up $7.70, to $1,435.90/ounce. The dollar weakened against all major currencies as well, with the euro at one point rising above $1.40.
Here are the numbers for late afternoon trading today:
Dow Jones 12,090.03 -79.85 (-0.66%)
S&P 500 1,310.13 -11.02 (-0.83%)
Nasdaq 2,745.63 -39.04 (-1.40%)
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