Markets Lower as Oil Tumbles and Markets Absorb Yellen's Comments

Oil made its way to $49 a barrel today, no thanks to high output from Middle East OPEC members and a stronger U.S. dollar.
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Oil made its way to $49 a barrel today, no thanks to high output from Middle East OPEC members and a stronger U.S. dollar. Also a factor, profit taking in oil and worries about a U.S. interest rate hike rattling an already nervous market. Swiss drug maker Roche says the FDA has issued an "emergency use authorization" for its Zika test. The name of the product is "The Lightmix Zika Test". It's a user friendly molecular diagnostic test.  Also, Amazon (AMZN) - Get Report is testing out 30 hour work weeks with some of its employees.  The program will have a few technical teams made up entirely of part-time workers.. These employees will be salaried and receive the same benefits as traditional 40-hour workers, but will receive only 75 percent of the pay. Joya Dass reports from he Nasdaq Marketsite in Times Square.

This article was written by a staff member of TheStreet.