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.
6 Articles
6 Articles
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.
Stock Market Today, Dec. 16: Energy Stocks Slide as Oil Drops to Multi-Year Lows
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…
US Stock Market Today: Dow, S&P 500 Falter As Jobs Data Shows Sluggish Economy
The main stock market indices opened in the red on Tuesday after US job data for November painted a sluggish picture of the economy. S&P 500 opened 0.14% or 9.21 points lower at 6,807.30, tech-heavy Nasdaq Composite opened 0.21% or 49.04 points at 23,008.37, and Dow Jones Industrial Average opened 0.04% or 18.87 points lower at 48,397.69.
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