Thursday, 26 March 2015

Stocks fall, oil rises

Stocks fell sharply on Wednesday.

The S&P 500 fell 1.5 percent while the Nasdaq Composite fell 2.4 percent.

The STOXX Europe 600 fell 1.1 percent.

However, oil rose to a two-week high on Wednesday.

It rose further early on Thursday as Saudi Arabia and its Gulf Arab allies began a military operation in Yemen after Houthi rebels drove Yemen's president from his capital Sanaa.

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