LONDON: US Stock closed mostly lower on Wall St as traders reacted to lower OIL PRICES
and tried to guess when interest rates might start to rise.
Weight Watchers sank 2% after Credit Suisse downgraded its rating on the stock, saying the company faces tough competition from lower-cost weight loss programmes.
The Dow Jones industrial average lost 128 points, or 0.7%, to 17,849. The Dow jumped 228 points the day before.
The Standard & Poor’s 500 fell seven points, or 0.3%, to 2,074. The Nasdaq composite edged up nearly eight points, or 0.2%, to 4,937.
The price of oil fell again. US crude is trading at a six-year low.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.06%.
