Yahoo slashed the price of its core Internet business by US$350mil (RM1.5bil).
MarketWrap: The S&P 500 and the Dow ended Tuesday's session flat after mixed economic data and retail earnings, while the Nasdaq had another record close with help from technology stocks. The DJIA closed down 2.19 points, or 0.01%, to 20,979.75, the S&P 500 lost 1.65 points, or 0.07%, to 2,400.67, easing from an intraday record high of 2,405.77 and the Nasdaq added 20.20 points, or 0.33%, to 6,169.87, a record close for the index. - Reuters
Energy
Oil prices settled little changed on Tuesday after several Opec members voiced support for prolonging supply cuts through March 2018 to reduce a global crude glut. Brent futures were down 60 cents, or 1.1%, to US$51.22 a barrel as of 4.43pm EDT. Earlier, Brent had settled down 17 cents at US$51.65 a barrel.- Reuters
Forex summary
*The ringgit gained 0.13% to 4.3160 versus the US$
*It lost 0.54% to 4.7960 versus euro
*Down 0.12% to 5.5783 per pound sterling
*Down 0.21% to 3.0962 per Singapore dollar
*Down 0.09% to 3.2019 per Aussie
*0.44% lower to 3.8370 per 100 yen
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
