Page 25 - Aruba Today
P. 25
BUSINESS A25
Thursday 4 February 2016
Led by the energy sector, U.S.
stocks stage a late turnaround
KEN SWEET market. Nearly all that de- In other company news, In this Tuesday, Sept. 8, 2015, file photo, a Wall Street street sign
AP Business Writer cline happened in the last Yahoo slumped $1.38, or is framed by a giant American flag hanging on the facade of
NEW YORK (AP) — Stocks two hours of trading. 4.7 percent, to $27.68 after the New York Stock Exchange.
staged a rapid comeback Many U.S. companies have the company announced
in late-afternoon trad- been complaining that the late Tuesday it would cut Associated Press
ing to close solidly higher appreciation of the dollar 1,700 jobs and sell some
Wednesday, helped by a was eroding their earnings of the company’s strug- wholesale gasoline rose 1.3 or 1.2 percent, to $1,141.30
surge in the price of oil and by making U.S. exports less gling businesses. cents to $1.014 a gallon, an ounce, silver jumped
a decline in the U.S. dollar. profitable. Chipotle fell $13.90, or 3 and natural gas rose 1.3 45 cents, or 3 percent, to
Chipotle Mexican Grill fell A weaker dollar also tends percent, to $461.74 after cents to $2.038 per thou- $14.73 an ounce and cop-
as the company said a to send commodity prices the company said the E. sand cubic feet. per rose four cents, or 2 per-
federal investigation into its higher. That was a relief coli outbreak at its stores In metals, gold rose $14.00, cent, to $2.095 a pound.q
E. coli outbreak had wid- to investors as well since hurt sales more than antici-
ened, and Yahoo sank as a plunge in the price of pated.
the troubled Internet com- crude oil has been deci- Chipotle also disclosed it
pany announced layoffs mating profits at energy was now under investiga-
and plans to sell business- companies. tion by Federal regulators
es. The price of U.S. crude oil over the outbreak.
The Dow Jones indus- jumped $2.40, or 8 per- In individual currencies,
trial average rose 183.12 cent, to close at $32.28 a the euro rose against the
points, or 1.1 percent, to barrel, which helped lift up dollar to $1.1101, the dollar
16,336.66. The Standard & energy stocks. fell against the Japanese
Poor’s 500 index rose 9.50 Despite the gains on yen to 117.85 yen, and the
points, or 0.5 percent, to Wednesday, investors re- dollar fell against the British
1,912.53 and the Nasdaq main skeptical of this mar- pound to $1.4598.
composite fell 12.71 points, ket. They are still putting In other energy commodi-
or 0.3 percent, to 4,504.24. money into traditional ties, heating oil jumped 6.8
It was a day of major safe-havens: stocks that cents to $1.0786 a gallon,
swings. The Dow had been pay high dividends, U.S.
down nearly 200 points government bonds, and Raise your spoons: Ben & Jerry’s
earlier. Major industries precious metals. now has non-dairy ice cream
that were deep in the red, The Dow Jones utility index,
like energy and financials, a basket of 15 utility com- SOUTH BURLINGTON, Vt. new ones: Coffee Caramel to make non-dairy ice
were able to recover al- panies, rose 1.3 percent. (AP) — Raise your spoons: Fudge and P.B. and Cook- cream. Ben & Jerry’s Kirsten
most all the ground they That index is up more than Ben & Jerry’s now has non- ies. Schimoler says creating
lost. In the red most of the 8 percent this year. Utilities dairy ice cream. The P.B. and Cookies va- the lineup with a non-dairy
day, energy stocks ended and other companies that The Vermont ice cream riety is a vanilla non-dairy base composition that
up nearly 4 percent. pay large dividends are maker has created four frozen dessert with choco- meets consumer expec-
The gains can be largely popular at times of uncer- flavors using a certified late sandwich cookies and tations was quite a chal-
attributed to a decline in tainty because they pro- vegan almond milk base. crunchy peanut butter lenge. But, she says, “We
the value of dollar against vide a regular return and Available are the clas- swirls. nailed it.”
the major other currencies. are large, mature busi- sic Chunky Monkey and The company has been The flavors are available in
The U.S. dollar index, which nesses that tend to stand Chocolate Fudge Brownie getting requests for years pints.q
tracks the dollar against up well during economic flavors, plus a couple of
other major currencies, fell downturns.
1.7 percent, a large move Some traders are taking
for the foreign exchange that a step further.
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