Thursday 9 June 2016

US MARKET NEWS 10 June 2016

US stocks retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds. Energy shares declined 0.5 percent as crude oil prices also snapped a three-day streak of gains, while the more defensive S&P utilities index rose 0.9 percent, leading sector gains.
"It was a cautious tone investors took, investing in utilities and other high- dividend stocks and selling some more volatile sectors and securities, like small caps," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York. The Russell 2000 index was down 0.7 percent.


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2 comments:

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