The major US indexes were a mixed bag this week, all close to flat, while commodities continue their record setting pace, and the US dollar falls to new lows.
The S&P 500 sectors were split on the week with Materials, Energy, Industrials, Utilities and Tech bringing in positive gains.
Commodities continue their record setting pace with oil close to $111 per barrel and gold hitting a high of $1,009 per ounce on the safe-haven play against the tumultuous markets. Grains plunged on Friday, including wheat, corn and soybeans on fears that a U.S. recession will curtail demand.
Note: Gold and Oil reflect the closing price of the pit session.
The Dollar continues to hit lows against major currencies, with record lows against the euro and 12-year lows against the yen. Today one euro cost as much as $1.5687, and the dollar/yen fell below 99 yen per dollar. Over the last twelve months, the US dollar has fallen against every major Asian currency except for the Pakistani rupee.
Commodities continue their record setting pace with oil close to $111 per barrel and gold hitting a high of $1,009 per ounce on the safe-haven play against the tumultuous markets. Grains plunged on Friday, including wheat, corn and soybeans on fears that a U.S. recession will curtail demand.
