While you were sleeping: Oil hits stocks

Thu, 17 Dec 2015

By Margreet Dietz Dec. 18 (BusinessDesk) - Wall Street declined, while the US dollar and Treasuries advanced, amid concern about the slide in oil prices. US Treasuries gained, pushing the yield on the benchmark 10-year note five basis points lower to 2.25 percent in midday trading. The greenback strengthened, a day after the Federal Open Market Committee raised the new target range for the federal funds rate to between 0.25 percent and 0.5 percent, up from zero to 0.25 percent. Chair Janet Yellen signalled any further rate hikes will be...

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