Oil Prices Drop 3% After an Afternoon Selloff But CME Group (CME) Reports no Glitch

Trading was light on Monday after strong rallies towards the end of last week. Oil prices fell drastically, causing shares in the energy sector to drop as well and commodities, which had rallied last week, leveled off today. Apple (AAPL) shares rose after reaching a sales record over the weekend for the iPhone 5 and Office Depot (ODP) also saw gains after activist investor Starboard Value LP took a 13% stake in the chain. The dollar remains under pressure as the Fed's stimulus plan starts affect the system and extended its losses against both the euro and the Japanese yen.
Today marks the anniversary of Occupy Wall Street protests that occurred one year ago.

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Published on Sep 17, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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