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US stocks sink as oil tumbles to fresh multi-year low
Tuesday, January 6, 2015 15:27
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US oil prices tumbled to a fresh 5.5-year low of $47.93 a barrel. Other worries pertained to the drop in US Treasury bond yields and the eurozone.
“The market doesn't like uncertainty and the volatility in oil and the volatility in interest rates have certainly created uncertainty,” said David Levy, portfolio manager at Kenjol Capital Management.
“The situation in Europe is also very uncertain and we're lacking a positive catalyst as of today.”
Petroleum-linked stocks continued to drop …. https://uk.news.yahoo.com
Source: http://luismmx.blogspot.com/2015/01/us-stocks-sink-as-oil-tumbles-to-fresh.html
