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NEW YORK – Financial Market Update (local time):
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13:00.
Stocks close down in a shortened session on Friday as energy stocks fall with the price of oil. The S & P 500 ended at the Wall Street correction, 10% lower than its most recent peak.
The S & P 500 index fell 17 points, or 0.7%, to 2,632. The index is now down 10.2% from the record set on September 20th
US oil is down 6.1% at $ 51.29 a barrel because of new worries about a slowing global economy that could weigh on demand. Among the energy values, Chevron lost 3.4%.
The volume of transactions was light, with markets only open for half a day after the Thanksgiving holiday.
Technology stocks also weighed on the market. Apple dropped 2.5%.
The Dow Jones Industrial Average Index lost 178 points, or 0.7%, to settle at 24,285. The Nasdaq Composite lost 33 points, or 0.5%, to 6,938.
Bond prices have fallen. The 10-year Treasury Note yield was 3.05%.
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12
Shares are down on Wall Street on Friday at noon as energy stocks fall with the price of oil.
The volume of transactions is light, with markets only open for half a day after the Thanksgiving holiday.
US oil is down 6.8% to $ 50.91 a barrel because of new concerns that a slowing global economy may weigh on demand. Among the energy values, Marathon oil is down 4.1%.
Technology stocks are also weighing on the market. Apple is down 2.2%.
The S & P 500 index fell 9 points, or 0.3%, to 2,640.
The Dow Jones Industrial Average Index lost 97 points, or 0.4%, to 24,367 points. The Nasdaq composite fell 9 points, or 0.1%, to 6,962.
Bond prices have fallen. The 10-year Treasury Note yield was 3.05%.
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9:35
Inventories are opening down on Wall Street as energy stocks fall with the price of oil.
The volume of transactions could be light with the markets open for just half a day after the Thanksgiving holiday.
The price of a barrel of US oil is down 5.7% to 51.52 dollars a barrel because of renewed fears that the slowdown in the global economy could weigh on demand. Among the energy values, Marathon's oil fell by 3.3%, while Halliburton's oil dropped by 2.8%.
Retailers are seeing slight gains as buyers look for Black Friday offers.
The S & P 500 index fell 15 points, or 0.6%, to 2,634.
The Dow Jones Industrial Average lost 143 points, or 0.6%, to 24,320 points. The Nasdaq Composite lost 21 points, or 0.3%, to 6,951.
Bond prices have gone up. The yield on the 10-year Treasury Note fell to 3.03%.
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