Wall Street Retreats As Investors Turn To Gold
Windsor Genova – AHN News News Writer
New York, NY, United States (AHN) – U.S. stocks fell slightly on Monday as hedge-seeking investors went for commodities and sent gold prices up to a record high of $1,403 an ounce.
The Dow Jones Industrial Average lost 37 points or 0.3 percent to close at 11,407. Boeing Co., Home Depot Inc. and Travelers Cos. were the top losers.
The Standard & Poor’s 500 Index gave up 2.6 points or 0.2 percent to close at 1,223.
The Nasdaq Composite Index gained a point ending at 2,580.
Oil for December delivery gained 36 cents to settle at $86.85 per barrel.
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