Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 42 | NO. 47 | Friday, November 23, 2018

US stocks end lower as oil plunges

The Associated Press

Print | Front Page | Email this story

NEW YORK (AP) — Stocks are closing lower in a shortened session Friday as energy stocks fall along with the price of oil. The S&P 500 closed in what's known on Wall Street as a correction — 10 percent below its most recent high.

The S&P 500 index fell 17 points, or 0.7 percent, to 2,632. The index is now down 10.2 percent from the record high set Sept. 20

U.S. oil is down 6.1 percent to $51.29 per barrel on renewed concerns that a slowing global economy could hurt demand. Among energy stocks, Chevron dropped 3.4 percent.

Trading volume was light with the markets open for only a half day after the Thanksgiving holiday.

Technology stocks also weighed on the market. Apple fell 2.5 percent.

The Dow Jones Industrial Average dropped 178 points, or 0.7 percent, to 24,285. The Nasdaq composite fell 33 points, or 0.5 percent, to 6,938.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.05 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0