Browsing: Business

– The U.S. Treasury Department will auction $119 billion of notes and bonds next week across three consecutive sales. The schedule starts Tuesday, Oct. 6, with $58 billion of three-year notes. Treasury will follow with $39 billion of 10-year notes

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Oil prices dropped sharply Monday as Brent crude closed at its lowest level in nearly two weeks. November Brent settled at $100.34 a barrel, losing $3.53, or 3.4%. October West Texas Intermediate fell $4.52, or 4.51%, to $95.78 a barrel.

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U.S. stocks closed lower Wednesday after the Federal Reserve raised interest rates by 25 basis points. The increase lifted the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average fell 631.21 points, or 1.21%, to 51,461.90.

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The U.S. dollar climbed to a seven-week high on Thursday after the Federal Reserve raised interest rates for the first time in more than three years. The dollar index reached 100.36 against its major peers after gaining 0.7% overnight. That

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