Oil Ends Below $90 a Barrel on Euro Zone Volatility

Wall Street was in the red again today with the S&P 500 logging its fifth-straight session of losses in a row. Both the Dow Jones and Nasdaq were down as well as euro zone concerns continue to rise and demonstrators gathered in both Madrid and Athens. Prices of oil and metals dropped on Wednesday with the euro falling to a two-week low against the US dollar. Bond leads are currently in the longest losing streak since May 2011 and have fallen for eight days straight. In corporate news, the CEO of Radioshack (RSH) has announced he will be stepping down immediately and the company's CFO will be the interim leader.
Mayer of Yahoo (YHOO) appointed a new CFO, marking the fifth senior executive change since she joined the company two months ago. Shares of Jabil Circuits (JBL) fell 10% today while Research in Motion (RIMM) gained 6% after announcing it added two million subscribers over the last quarter.

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Published on Sep 26, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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