A deepening slide in crude oil prices weighed on energy stocks, tipping U.S. financial markets mostly lower in afternoon trading Thursday. Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average, which eased back from its latest all-time high.
U.S. stock indexes edged lower in early trading Thursday as investors weighed new economic data on unemployment benefit claims, consumer prices and orders for long-lasting manufactured goods. Oil prices resumed their recent slide.
Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. Federal Reserve said it will be patient about increasing interest rates. KEEPING SCORE: Britain's FTSE 100 was flat at 6,933.91 while Germany's DAX rose 0.3 percent to 11,249.32.
The bank said the settlement with the U.S. Department of Justice -- reportedly its biggest legal bill from the financial crisis -- will hit earnings for 2014. Shares in Standard Chartered were rising in London after the bank, which focuses on emerging markets, said former JPMorgan investment banker Bill Winters will take over as CEO.
Ahead of Railway Minister Suresh Prabhu's maiden budget, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index was trading 78 points or 0.27 percent down in the Thursday's pre-afternoon trade session. The wider 50-scrip Nifty of the National Stock Exchange was also trading in the red.
Traders work on the floor of the New York Stock Exchange, Tuesday, Feb. 24, 2015. The U.S. stock market is back at a record high as traders are encouraged by the latest news on interest rates, Greece and corporate earnings.
The Dow Jones industrial average notched its third record high close in a row Wednesday, even as other market indexes ended lower. Trading was relatively subdued as investors reviewed the latest corporate earnings news.