U.S. Stocks Slip From Records as Oil, Dollar Slump: Markets Wrap
- Sterling shrugs off early loss in wake of London attack
- Mexican peso rallies on state election; oil erases advance
Algebris CEO Says Markets Being Rational on Terror
This article is for subscribers only.
U.S. stocks slipped from all-time highs, while the dollar slumped with crude as a caution prevailed at the start of a week full of events that could set the tone on financial markets.
The S&P 500 Index swung between gains and losses before closing lower as gains in banks failed to offset weakness in defensive shares. Miners weighed on European equities, as zinc and tin led base metals lower. Some European markets were closed for a public holiday. Mexico’s peso traded at the strongest level in seven months. Oil erased gains sparked by a political spat between several energy-producing nations in the Middle East.