While you were sleeping: Greenback hits commodities

Thu, 12 Nov 2015

By Margreet Dietz Nov. 13 (BusinessDesk) - Wall Street dropped, along with European equities and commodities, amid concern about global economic growth as well as a potential Federal Reserve interest rate hike next month at a time the European Central Bank appears set to boost stimulus. In New York trading at about 12:13pm, the Dow Jones industrial average dropped 1 percent. At about 11.58am trading, the Standard & Poor’s 500 Index fell 0.7 percent while the Nasdaq Composite Index slid 0.4 percent. The US dollar rose, buoyed by the prospe...

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