- Title: Energy stocks lead S&P 500 lower
- Date: 8th November 2018
- Summary: NEW YORK, NEW YORK, UNITED STATES (NOVEMBER 8, 2018) (REUTERS) (SOUNDBITE) (English) U.S. BANK SENIOR PORTFOLIO MANAGER, ERIC WIEGAND, SAYING: "I think there are two real takeaways: number one, like the election results, they were very much as anticipated. So, very little surprise, nothing to really jolt investors. And the one thing that certainly was, you know, perhaps weighing on market participants, was just the notion that the language being consistent with, you know, on the path to continued rate increases in a gradual and measured way. So, again, one of our concerns continues to be, you know, about the tightening of monetary policy."
- Embargoed: 22nd November 2018 21:09
- Keywords: Eric Wiegand S&P 500 Wall Street technology Dow energy stocks Nasdaq equities financial U.S. Bank markets
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA00295NBXCD
- Aspect Ratio: 16:9
- Story Text: The S&P 500 closed lower on Thursday (November 8) after a Federal Reserve statement, and energy stocks were the biggest drag as U.S. crude oil prices fell.
The Dow Jones Industrial Average rose 11.06 points, or 0.04 percent, to 26,191.36, the S&P 500 lost 7.05 points, or 0.25 percent, to 2,806.84 and the Nasdaq Composite dropped 39.87 points, or 0.53 percent, to 7,530.89. - Copyright Holder: REUTERS
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