Stock Market Stalls; Indexes Hold Near Record Highs
- 7 years ago
Stock Market Stalls; Indexes Hold Near Record Highs
COMMODITIES: Benchmark U. S. crude lost 12 cents to $50.30 per barrel, while Brent crude,
the standard for international oil prices, fell 12 cents to $55.88 per barrel
OUT OF OFFICE: Office Depot plunged after it said it wants to broaden its business beyond traditional office products
and announced a $1 billion purchase of CompuCom Systems, an IT services and products provider.
The Dow Jones industrial average rose 14 points, or 0.1 percent, to 22,655,
and the Nasdaq composite slipped nearly 6 points, or 0.1 percent, to 6,525.
FED WATCH: Speculation is rising about who the next chair of the Federal Reserve will be, after Janet Yellen’s term ends in February.
KEEPING SCORE: The Standard & Poor’s 500 index slipped by a quarter of a point, or less than 0.1 percent, to 2,534, as of 10:05 a.m. Eastern time.
JOB WATCH: A report from payroll processor ADP said
that hiring by private employers weakened sharply last month, a setback for an economy that had been enjoying a generally strengthening job market.
COMMODITIES: Benchmark U. S. crude lost 12 cents to $50.30 per barrel, while Brent crude,
the standard for international oil prices, fell 12 cents to $55.88 per barrel
OUT OF OFFICE: Office Depot plunged after it said it wants to broaden its business beyond traditional office products
and announced a $1 billion purchase of CompuCom Systems, an IT services and products provider.
The Dow Jones industrial average rose 14 points, or 0.1 percent, to 22,655,
and the Nasdaq composite slipped nearly 6 points, or 0.1 percent, to 6,525.
FED WATCH: Speculation is rising about who the next chair of the Federal Reserve will be, after Janet Yellen’s term ends in February.
KEEPING SCORE: The Standard & Poor’s 500 index slipped by a quarter of a point, or less than 0.1 percent, to 2,534, as of 10:05 a.m. Eastern time.
JOB WATCH: A report from payroll processor ADP said
that hiring by private employers weakened sharply last month, a setback for an economy that had been enjoying a generally strengthening job market.