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U.S. Stocks Expected to Increase after Labor Day‚ Oil Prices to be Eased

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U.S. Stocks Expected to Increase after Labor Day‚ Oil Prices to be Eased
저작(권)자
저작자 미상 (저작물 2267374 건)
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KOGL 출처표시, 상업적, 비상업적 이용가능, 변형 등 2차적 저작물 작성 가능(새창열림)
공표년도
창작년도
2006-09-04
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요약정보
Wall Street is closed to mark Labour Day‚ which falls on the first Monday of September.
Analysts believe the market will start on positive territory once it opens Tuesday.
Our Lee Jeewon explains.
Wall Street resumes its operation Tuesday‚ after taking a break on the U.S. Labour Day.
While trading was light in the past two weeks‚ share prices are expected to increase following the typical pattern after the holiday and bullish investor sentiment on the back of recent economic data.
On Friday‚ the Dow closed up 83 points to 11‚464. The Nasdaq rose more than 9 points to finish at 2‚193. The broader S&P 500 Index ended over 7 points higher at 1‚311.
Turning to the oil market‚ crude oil prices hit just below 70 U.S. dollars a barrel Friday as there were no immediate sanctions by the United Nations against Iran.
Iran the world's fourth-largest oil producer refused to stop its nuclear enrichment program.
On Friday‚ light‚ sweet crude for October delivery fell a dollar to close the session at 69.19 dollars a barrel.
Brent crude for October delivery dropped 1.10 dollars to settle at 69.15 dollars per barrel.
Analysts noted the mixed U.S. jobs report‚ which suggested a moderate increase in fuel demand.
Lee Jeewon‚ Arirang News. Reporter : lucia1220@arirang.co.kr
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