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Facebook Selloff Continues After Memorial Day
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FBN’s Robert Gray breaks down the stories moving the markets near the end of the trading day.
- Duration 0:56
- Date May 29, 2012
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FBN’s Robert Gray breaks down the stories moving the markets near the end of the trading day.
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I'm Robert graduate -- Fox Business breaks.
Oil closed in the red for the first time in three session himself earlier today crude was trading above ninety bucks a barrel.
But reversed course after ratings agency Egan Jones downgraded Spain's credit rating.
This lured investors to the safety of the US dollar and that of course hit dollar priced commodities and oil settled at ninety dollars and 76 cents on the New York Mercantile Exchange where it's trading currently in after hours.
And on oil prices declining American drivers are bringing a small sigh relief.
According to triple a.'s daily fuel gauge the national average for a gallon of regular unleaded gasoline and is now three -- and 63 cents a gallon.
Investors not liking FaceBook -- so much today as the socks off for the social network continues.
They split custody lifetime low down more than 9% on the session.
-- sharp decline took a short sale circuit breaker and it's just eleven days after launching its much anticipated Wall Street debut.