Visa Inc (NYSE:V). and Mastercard Inc (NYSE:MA). fell in early trading as both companies saw slowing growth in customers’ spending abroad as they contend with a stronger U.S. dollar.
Technology stocks were the big drag on the market midday Thursday, which was certainly not a surprise given Facebook’s horrendous action.
U.S. crude oil prices inched down on Thursday, while Brent rose after Saudi Arabia said it was suspending oil shipping in the Red Sea.
The euro fell to the lowest levels of the day Thursday after European Central Bank President Mario Draghi reiterated rates will remain on hold until summer 2019, highlighting the widening monetary policy divergence with the Federal Reserve.
LONDON - The euro held at a three-day high on Thursday as concerns about a global trade war eased after the United States and the European Union agreed to begin talks on lowering tariffs.