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Wednesday: Oil nears 120$ per barrel at NYSE, European stock markets still growing

de Radu Rizea
Miercuri, 23 aprilie 2008, 10:59 English | Business

The New York Stock Exchange closed its Tuesday session on a descending trend, investors reacting negatively to the fast growth of the oil barrel price. Dow Jones lost 0.82%, while Nasdaq decreased 1.29%. The Dow Jones Industrial Average (DJIA) indicator fell 104.79 points, down to 12,720.23, while Nasdaq decreased 31.10 points, down to 2,376.94 points.

The Standard and Poor's 500 index also fell 0.88% (12.23 points, down to 1,375.94 points). Meanwhile, the oil barrel price went over 119 dollars for the first time, given the weaker dollar and the European currency strengthening.

The Tokyo market was under a high degree of incertitude. Nikkei oscillated several times, ending the Wednesday session with a slight growth (0.23%), despite the fall on the Wall Street.

European stock markets stared to grow at the opening of the session. Footsie-100 won 11.4 points ( 0.19%), compared to Tuesday, Dax (Frankfurt market indicator) grew 0.17%, up to 6,739.65 points.

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