You're reading: Associated Press: US stocks open lower; ruble continues to slide

Associated Press: US stocks open lower; ruble continues to slide

Published Dec. 16, 2014 at 5:57 pm

Pedestrians walk past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Dec. 16, 2014.

Photo by AFP

NEW YORK (AP) -- U.S. stocks are opening moderately lower as the price of oil continues to drop.

The ruble kept plunging against the dollar Tuesday even after Russia's central bank sharply raised a key interest rate in an effort to shore up the currency.