Oil prices are sharply lower today
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| | 10/14/2019 | |
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Stocks Cautiously Higher as Trade Deal Skepticism Lingers | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is cautiously higher to start the new week, as the U.S.-China trade optimism from Friday is replaced with skepticism. A Bloomberg report indicated China is hesitant to sign off on an official "phase one" deal, and labeled the Friday developments as "substantial progress," instead of the "greatest and biggest trade deal ever made" for U.S. farmers, as touted by President Donald Trump on Twitter. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sitting just above breakeven, too, as investors exercise caution. Elsewhere, oil prices are sharply lower, with November-dated crude futures down 2.8% at $53.15 per barrel, at last check. Continue reading for more on today's market, including: | >> Continue reading... | |
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