S&P, Dow lose ground as crude plunge punishes energy stocks
Updated : November 14, 2018 06:28 AM IST
Energy stocks weighed heaviest on the S&P 500, driven lower by a 7.1 percent plunge in crude prices, their biggest percentage drop in 2-1/2 years. The energy sector closed down 2.4 percent.
US-China trade tensions enjoyed a reprieve as negotiations between the world's two largest economies appeared to be making headway, with a US adviser saying the countries' two leaders would meet at the G20 meeting later this month.
The Dow Jones Industrial Average fell 100.69 points, or 0.4 percent, to 25,286.49, the S&P 500 lost 4.04 points, or 0.15 percent, to 2,722.18 and the Nasdaq Composite added 0.01 points, or 0 percent, to 7,200.88.
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