World
Dow falls, crude oil prices rise in New York | NHK WORLD-JAPAN News
Share prices in New York fell on Monday as strong jobs data out of the United States pared expectations that the Federal Reserve will make a major interest rate cut.
The Dow Jones Industrial Average gave up more than 500 points at one stage as investors placed broad sell orders. Nonfarm payroll figures announced on Friday far exceeded market expectations.
The benchmark index slid 398 points, or 0.9 percent, from last week’s close to end at 41,954 on Monday.
Market players say US long-term interest rates rose due to expectations that the Fed’s rate cuts will slow, leading to concerns over the negative impact on businesses.
Meanwhile, crude oil prices climbed in New York amid concerns over Israel’s potential reactions to Iranian attacks. Investors are also worried over another hurricane approaching Florida that could damage oil facilities.
The benchmark WTI crude futures reached the mid-77 dollar level per barrel at one point on Monday, the highest figure since late August.
Is New York Jets General Manager Least Desirable Job in Pro Sports?
Daniel Jones ‘grateful’ for opportunity as Giants starting QB in first comments since benching
CFDA and Copenhagen International Fashion Fair Showroom Returns to New York Fashion Week
Daniel Jones breaks his silence after getting benched by the New York Giants
Jalen Brunson and Karl-Anthony Towns are starting to find their groove
New PLAs Cover More Than $1B of NYC Infrastructure Projects – Connect CRE
Daniel Jones benched: Giants’ former starting QB breaks silence after being demoted
Players to Watch in Week 12 matchup
All Nippon Airways to Launch Operations at JFK’s Innovative Terminal 6 in 2026 – Travel And Tour World
