Stocks drift lower as tumbling oil whacks energy sector; Nasdaq pops higher

U.S. stocks mostly fell in early trading on Friday, with the energy sector leading the move lower on reports that the OPEC and major oil producer Russia were considering lifting some curbs on oil output, sparking a steep decline in crude prices. However, technology-related shares were seeing a late-morning rebound.

The Dow Jones Industrial Average fell 52 points, or 0.2%, to 24,754. The S&P 500 was down 7 points, or 0.2%, to 2,721. The Nasdaq Composite Index was 23 points, or 0.3%, higher at 7,447.

For the week, the Dow was up 0.2%, the S&P 500 has gained 0.4%, while the Nasdaq was on track for a 1.2% rise.

Source: marketwatch

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Stocks Open Mostly Lower as Energy Shares Sell Off

U.S. stocks opened slightly lower on Friday, as selling in energy shares weighed on the main indexes. The main benchmarks looked set to finish the week with modest gains, however.

The Dow Jones Industrial Average opened 26 points, or 0.1%, lower to 24,782. The S&P 500 index fell 3 points, or 0.1% to 2,724 at the open. Meanwhile the Nasdaq Composite inched 6 points, or 0.1% higher to 7,430. Among the worst performers on the S&P 500, Gap Inc. shares tumbled 10% as the retailer reported disappointing earnings.

Source : Marketwatch

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U.S. stocks close lower, energy the day’s biggest decliner

U.S. stocks closed modestly lower on Thursday, with energy stocks leading the decline as crude-oil prices fell.

The Dow Jones Industrial Average DJIA, -0.30% fell 0.3% to 24,811. The S&P 500 slid 0.2% to 2,728. The Nasdaq Composite Index fell less than 0.1% to 7,424. By far, the weakest sector of the day was energy, which fell 1.7% alongside a 1.6% drop in the price of crude oil. Exxon Mobil Corp fell 2.3% while Chevron Corp was off 1.7%. Both stocks are Dow components.

Sentiment weakened after President Donald Trump canceled a planned meeting with North Korea, adding a new element of geopolitical uncertainty into the market. Major indexes ended off their lows of the session, but trading was largely driven by the news of the cancelled summit, which added another question mark to a market already grappling with uncertainty related to trade policy and the Middle East.

Source: Marketwatch

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