Stocks Give Back Most Of Their Gains
Jan 2, 2015, 21:18 IST
Advertisement
In morning trade on Friday, stocks gave up all of their early gains, with the major indexes turning negative after starting the year higher.
Near 10:45 am ET, the Dow was up ust 8 points, while the S&P 500 was down 4 points and the Nasdaq was down 20.
Earlier in the day, the Dow was up more than 110 points and the Nasdaq was up more than 0.8%.
Meanwhile, bonds are rallying, with the yield on US 10-year Treasury bonds falling to as low as 2.1%.
Advertisement
The dollar is rallying, with the euro falling to nearly 1.20 against the dollar and the dollar reaching parity - or equal value - with the Swiss franc.
Oil is also lower, with West Texas Intermediate crude futures falling to nearly $52 a barrel on Friday, nearing the lowest levels since April 2009.