Oil Prices Dip, Pulling Stocks Down With Them

More stocks fell than rose today on Wall Street
By Newser Editors and Wire Services
Posted Nov 27, 2017 3:24 PM CST
The New York Stock Exchange   (AP Photo/Mary Altaffer, File)
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(Newser) – A slide in crude oil prices weighed on energy companies, pulling US stock indexes mostly lower on Wall Street, the AP reports. Marathon Oil slumped 4.3% and Newfield Exploration lost 3.3%. Industrial companies and utilities rose, while retailers posted solid gains on reports the holiday shopping season is off to a strong start. Time rose almost 10% after agreeing to be acquired by Meredith, which owns TV stations and magazines including Better Homes & Gardens. Meredith rose 11%. The Standard & Poor's 500 index fell 1 point to 2,601. The Dow Jones industrial average edged up 22 points, or 0.1%, to 23,580. The Nasdaq composite fell 10 points, or 0.2%, to 6,878. More stocks fell than rose on the New York Stock Exchange. (Read more stock market stories.)

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