Stocks are lower in early trading after after wholesale inflation rose more than expected in November, led by surge in energy costs.
The increase will likely be discussed as Federal Reserve policymakers begin a two-day meeting on interest rates Tuesday. The Fed is expected to keep rates unchanged.
Stocks have fallen overseas as the dollar rose against the euro amid continuing worries about Greece's debts and the financial health of Austria's banks.
The Dow Jones industrial average is down 34.76, or 0.3 percent, at 10,466.29, the Standard & Poor's 500 index is down 4.79, or 0.4 percent, at 1,109.32, and the Nasdaq composite index is down 8.31, or 0.4 percent, to 2,203.79.
Asked by Anonymous at 9:54 AM on Dec. 15, 2009 in Politics & Current Events
Answer by Carpy at 10:43 AM on Dec. 15, 2009
Answer by Anonymous at 10:09 AM on Dec. 15, 2009
Answer by jewjewbee at 10:22 AM on Dec. 15, 2009
We need stability in our economy before stocks go up. Notice how the dollar is trading stronger? A big boost in the stock market is a sign of coming inflation, possibly hyperinflation. Unless you are comfortable paying $15 for a loaf of bread, then stocks trading low is actually a good thing.
Answer by Anonymous at 10:29 AM on Dec. 15, 2009
Answer by Anonymous at 10:32 AM on Dec. 15, 2009
Answer by jewjewbee at 10:35 AM on Dec. 15, 2009
Next question overall
A great Obama joke.......Is he a turtle? I say yes