Start the conversation
Leave a Reply
Stock Market Today, Oct. 14, 2014: U.S. stock markets ended the day flat Tuesday after struggling to rebound, with yet another late sell-off hitting the markets in the final hour. The S&P 500 Index and Nasdaq managed to eke out modest gains, but the Dow Jones slipped another 5 points. The S&P 500 Volatility Index (VIX) dipped 4% on the day.
Oil prices didn't fare better. Brent crude, the global benchmark for oil, saw prices slide more than 4% to fall near $85 per barrel. This is the weakest price level for Brent since 2010. Meanwhile, West Texas Intermediate prices slid more than 4.4%, dipping below $82 per barrel. The downturn accelerated after the International Energy Agency projected weakening demand and higher supplies. Given OPEC's unwillingness to slash supplies, the Agency suggested that oil prices could fall even further.