Monday, May 17, 2010

Exxon Mobil's (NYSE:XOM) Stock Continues To Fall

In German Trading, Exxon Mobil's (NYSE:XOM) stock continues to fall. With crude oil dropping below $70 a barrel in New York, this is the fifth day it has plummeted.

The biggest U.S. oil company, Exxon has dropped to $63.06 in German trading, that's a 0.8 percent loss. The third largest energy company, ConocoPhillips is at $55,32, losing 0.9 percent. The largest U.S. aluminum producer Alcoa, has also dropped to $12.14 losing 1.8 percent.

Dow Jones Industrial average dropped 0.1 percent to 10,600. Nasdaq - 100 Index futures also fell less than 0.1 percent bringing it to 1,909.5.

The euro dropped today to the lowest level in over four years against the dollar. The currency was traded for as low as $1.2235. In Brussels, the European finance ministers will meet today.
They are under pressure to show how they are planning to reduce deficits quickly enough to satisfy investors.

No comments:

Post a Comment