[06/22/17] Another slippery slide for crude oil sent the S&P 500 and Dow Jones Industrial Average into the red, while a biotech rally boosted the Nasdaq.
On Wednesday, June 21, the S&P 500 declined 0.05%, and the Dow fell 0.25%. The Nasdaq added 0.75%. The Dow and S&P 500 secured closing records on Monday, June 19.
Crude oil prices retreated further into a bear market on Wednesday, after having fallen more than 20% from a late February high. Crude plunged more than 2% on Tuesday, June 20, on worries over global oversupply and ballooning production.
Crude fell even after a steeper decline in domestic stockpiles than anticipated. Crude...
Read moreComments are closed