US markets erase steep losses on technology shares

Source: Marketwatch
© Scanpix/Reuters
US markets opened lower on Monday and extended losses later in the day as investor worries about situation in Greece and Portugal accelerated. However, main stock indices managed to offset biggest drops lifted by technology and telecommunication shares. S&P 500 Index closed 0.25% or 3.32 points down at 1,313.01, Dow Jones Industrial Average Index traded close to flat 0.05% or 6.74 points lower at 12,653.72. Only technology based Nasdaq Composite climbed for the second session, gaining 0.24% or 6.66 points at 2,811.94.
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Tue, 31 Jan 2012 09:07:57 GMT

Crude oil advanced on OPEC expectation of price increase

Crude oil found strong support after OPEC announced it expects the Iranian oil embargo to send prices higher even despite sufficient supply to offset oil shortage. Light, sweet crude oil futures for March delivery traded at USD99.31 a barrel on the New York Mercantile Exchange, gaining 0.54%.

Tue, 31 Jan 2012 11:03:31 GMT

Canadian Dollar strengthens against most of its peers

Canadian Dollar fluctuated against US Dollar on Monday and jumped against its major counterparts as struggle over second Greek rescue package boosted demand for safer assets. Loonie was little changed against greenback and traded at C$1.0015 in Toronto evening session. It appreciated against 14 of 16 its main peers. Currently USD/CAD is trading at C$1.0005.

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