U.S. petroleum demand jumped along with a continued rise in gasoline consumption, while domestic oil production held even, according to the latest federal
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Wall Street wobbles at beginning of week, dollar drifts
18 May 2021, 06:09 GMT+10
NEW YORK, New York - U.S. stocks were on the defensive on Monday following the release of disappointing economic data.
The New York Federal Reserve said its Empire State manufacturing index registered at 24.3 in May, down from 26.3 in April, less than anticipated.
Federal Reserve Vice Chairman Richard Clarida said during a speech at the Atlanta Federal Reserve s financial market conference on Monday that he doesn t believe it s appropriate to raise interest rates because the U.S. economy hasn t yet made substantial further progress.
At the close on Monday, the Dow Jones index was down 54.34 points or 0.16 percent at 34,327.79.
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