[Breaking] Despite Expanded Buybacks and Rising Rates, New York Stock Market Closes Lower as Oil Prices Surge
Amid market disappointment over the scale of U.S. Treasury buyback plans announced by the U.S. Department of the Treasury, and with international oil prices surpassing $100 per barrel, all three major U.S. stock indices ended lower on September 9 (local time).
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On the New York Stock Exchange (NYSE) that day, the Dow Jones Industrial Average closed down 0.77% from the previous trading session. The S&P 500 index, which focuses on large-cap stocks, fell by 0.48%, while the Nasdaq index, centered on technology stocks, ended the session down 0.64%.
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