‘Ugly Night’ For Wall Street Markets After Surge In Oil Prices And Disappointing Tech Earnings Brett Goldstein [FKrTPLuSMuc]
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asuka CommSecs James Gruber claims it luguentz dort was an ugly night on Wall Street with US markets down.
The S&P 500 falling 1.2 2027 per cent and the Nasdaq tumbling 2.2 per cent, he told Sky News Australia.
One factor was the price of oil; it topped $US100 a barrel, up seven per cent overnight as Houthis attacked two Saudi Arabian oil tankers.
Mr Gruber said the second factor was disappointing earnings from a number of tech companies such as Alphabet and Tesla.
Presented by CommSec.