[9thLife]

...capping a third week of declines as investors reacted to a steep drop in oil prices and a jump in the value of the dollar...Utilities, major exporters and companies that make basic materials like steel had the biggest declines.

Utilities and "companies like steelmakers" benefit from cheap oil and strong dollars. "Major exporters" (whoever they are) -- to the extent that they use raw materials and labor from abroad also benefit from cheap oil and a strong dollar on the cost side of the income statement.

[expat_panama]

Exactly. While pundits may get paid for doom’n’gloom content the fact remains that there are many more oil consumers than producers and the falling price will benefit a hefty majority.