US Markets Stage Recovery, Oil Falls 10%, Dollar Index At 2 Decade High | ET Now | Business News

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Stocks in the US staged a dramatic comeback as markets saw another volatile day. The S&P 500 and the Nasdaq closed higher in trade and the Dow which was down over 2% closed 40 basis points lower. The decline in bond yields seemed to have aided tech stocks with the Nasdaq gaining over 1.5% in trade. The focus, politically, is on Europe with all major European benchmarks closing over 2% lower in trade yesterday. The UK, saw FM and Health Minister quit Government. Asian indices are largely lower but the SGX Nifty is in the green. Oil prices fell 10% and oil is currently below USD 100 a barrel and the dollar index is at 106.5, a multi-decadal high.
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