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Stock Market Today, Dec. 16: Energy Stocks Slide as Oil Drops to Multi-Year Lows

Crude oil prices dropped below $55 a barrel, dragging energy stocks down amid rising unemployment and flat consumer spending, signaling potential slower oil demand.

Summary by The Motley Fool
The S&P 500 (SNPINDEX:^GSPC) slipped 0.24% to 6,800.26, the Nasdaq Composite (NASDAQINDEX:^IXIC) edged up 0.23% to 23,111.46, and the Dow Jones Industrial Average (DJINDEX:^DJI) fell 0.62% to 48,114.27 as mixed jobs data and cheaper oil pressured cyclicals.Market moversEnergy names lagged today, with APA (NASDAQ:APA), Diamondback Energy (NASDAQ:FANG), and Dow component Exxon Mobil (NYSE:XOM) sliding as crude hit multi‑year lows. Advance Auto Par…

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The delayed release of the US labor market for October and November shows that the US is in a hiring recession. The numbers had a slightly negative impact on the stock markets, as it is becoming increasingly unlikely that we will see the traditional Christmas stock rally again.

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tastylive.com broke the news in on Tuesday, December 16, 2025.
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