Stock Market Today, Dec. 16: Energy Stocks Slide as Oil Drops to Multi-Year Lows
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The S&P 500 (SNPINDEX:^GSPC) slipped 0.24% to 6,800.26, the Nasdaq Composite (NASDAQINDEX:^IXIC) edged up 0.23% to 23,111.46, and the Dow Jones Industrial Average (DJINDEX:^DJI) fell 0.62% to 48,114.27 as mixed jobs data and cheaper oil pressured cyclicals.Energy names lagged today, with APA (NASDAQ:APA), Diamondback Energy (NASDAQ:FANG), and Dow component Exxon Mobil (NYSE:XOM) sliding as crude hit multi‑year lows. Advance Auto Parts (NYSE:AAP) dropped after weak auto-related retail data and company‑specific headwinds weighed on consumer discretionary.Delayed job and retail reports released today brought more uncertainty for investors. According to the Bureau of Labor Statistics, unemployment rose to 4.6% -- the highest it's been since 2021. At the same time, the economy added new jobs. Consumer spending was flat, in part due to weak auto sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool