World News | Stocks Open Lower, Oil Hits Highest Level Since 2014
Get latest articles and stories on World at LatestLY. Stocks are opening lower Monday as Wall Street comes off its worst week since the winter.
New York, Oct 4 (AP) Stocks are opening lower Monday as Wall Street comes off its worst week since the winter.
The S&P 500 fell 0.2per cent while the tech-heavy Nasdaq dropped 0.8per cent. Tesla rose 3.1per cent after saying it delivered about 241,000 vehicles in the third quarter, topping expectations.
The price of U.S. oil rose above USD77 per barrel for the first time since 2014. The yield on the 10-year Treasury note rose to 1.49per cent from 1.47per cent Friday.
In Asia, Hong Kong's benchmark fell more than 2per cent after troubled property developer China Evergrande's shares were suspended from trading. Shares in most European markets were little changed. (AP)
Also Read | US Remains World’s Largest Tax Haven Despite Vows to Fight Money Laundering.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)