Binary Options Daily Review September 8, 2010
Stocks
After its best pre-Labor Day week since 1990, the Dow Jones Industrial Average on Tuesday fell 107.24 points, or 1%, to 10,340.69, with 26 of its 30 components losing ground. American Express Co. led the blue-chip decliners; its shares were down 4%.
Currencies
Renewed fears about the stability of Europe’s banks sent investors looking for safety Tuesday, a move that saw the Japanese yen hit a 15-year high versus the U.S. dollar. The dollar extended its loss versus the Japanese currency Tuesday, hitting a low of ¥83.49 before regaining some ground. At the latest, the dollar traded at ¥83.81, a decline of 0.4% from Monday.
Commodities
Gold futures made a new high Tuesday as investors bought up Gold and sold stocks, oil and the euro on renewed worries about European banks and economic growth. Gold for December delivery, currently the most active contract, rose $8.20, or 0.7%, to $1,259.30 an ounce by the close of floor trading on the New York Mercantile Exchange.
