dow closes below 10,000 - street light price
Oil prices hit a new high on Monday, sending stocks lower and the Dow Jones industrial index down below 10,000.
But with Wall Street trading light and little loss, investors seem to start accepting
The price of crude oil is $50 a barrel.
Oil prices broke the previous $48 settlement price record.
Wall Street's worries about oil speculation and falling profits reappeared on Friday.
The price of a barrel of light crude oil delivered in November was $49.
The New York Mercantile Exchange rose 74 cents.
The price is $49.
Earlier in the trading day, it was the highest intraday trading level ever.
However, analysts believe the stock market sold sharply last week as oil prices climbed and found that the sell-off had bottomed out and investors were taking wait measures. and-
See attitude, hope a year-
Closing the rally is underway.
"Obviously, our oil has put a lot of pressure on this market in the past week or so, but considering where the oil is now, we originally expected the market to react more negatively than it is now, "Brian Belski, market strategist at Piper Jaffray, said.
"As productivity and earnings remain fairly strong and inflation has also become moderate in addition to oil and gas, we believe the market will still move in a positive direction in the fourth quarter.
According to preliminary calculations, the shooting of protesters in Virginia Beach, Connecticut's mother, interrupted Harris and the Dow Jones industrial average fell 58. 70, or 0.
6% to 9,988. 54.
This is the lowest point in the Dow since August.
17. The last time I fell below the 10,000 mark