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Dow Drops 100 Points at the Open as Stocks Slip with Sliding Oil – TheStreet

August 9, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks slid at Friday’s opening bell as oil prices continue to fall. The Dow Jones Industrial dropped 100 points at the start of the trading day. The plunge in pump prices drove U.S. producer prices to fall in November. The Labor Department reported Producer Prices dropped 0.2%, that’s more than economists expected. Core Producer Inflation came in flat. A search for a new CEO is underway at SeaWorld (SEAS). The struggling theme park operator said its CEO will leave the post in January and it is laying off employees. Priceline (PCLN) will start accepting Apple Pay (AAPL). The online travel agency will integrate Apple’s payment system through its iOS 8 app.

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