Stock market today, Sept. 9, 2014: The U.S. stock markets were mixed Monday afternoon following a slide in energy prices.
Brent crude prices slipped below $100 per barrel in London for the first time in more than a year. This dragged down share prices of global producers and oil field service providers such as BP Plc. (NYSE ADR: BP), which was down more than 1.3%, and Schlumberger Ltd. (NYSE: SLB), which slipped by more than 2% on the day.
Gold prices slipped another 1% to hit a three-month low as the dollar continued its surge. The ongoing slide now threatens the traditionally strong seasonal surge that gold prices tend to experience in September. In the last 20 years, gold prices have increased 75% of the time in September, with an average gain of nearly 3%. Meanwhile, silver prices continued their downward slide, also nearing a three-month low.
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