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NEW YORK: Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar index posted its largest weekly gain in more than two months.
NEW YORK, Jan. 15 (Xinhua) -- Wall Street's major averages slipped on Friday as investors pored through President-elect Joe Biden's proposed COVID-19 aid plan and the December U.S. retail sales data.
THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
KUALA LUMPUR: The FBM KLCI returned to the red in late-morning trade as the market showed signs of consolidation following the volatility experienced earlier in the week.
NEW YORK: Wall Street closed lower on Thursday after making a u-turn toward the end of the session as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market