Heavy week on Wall Street – Dagens Industri

Heavy week on Wall Street – Dagens Industri

Tung week on Wall Street

                  2014-12-12 22:08
             

For the first time in two months landed US stock exchanges weekly hindsight negative. Falling oil prices are kept as largest cause when investors are now increasingly pulling in their horns and begin to wonder where it will end. A futures contract for Brent crude fell on Friday, down toward $ 62 a barrel, the lowest price since July 2009.

Unexpectedly weak industrial statistics from China contributed to today’s discouragement. China’s industrial production grew by 7.2 percent in November compared with the same month last year. It was slightly lower than analysts’ forecast of 7.5 percent.

The Dow Jones industrial index fell 1.8 percent, while the Nasdaq Composite Index was down 1.2 percent.