Stocks skid as oil plunge continues; tech sector also falls
Friday, 9 November 2018 NEW YORK (AP) — U.S. stocks are falling Friday as technology and internet companies take steep losses. Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since March, causing steep losses for energy companies in recent weeks. Stocks have fallen over the last two days but are still on track for strong weekly gains. Bond prices rose, sending yields lower. KEEPING SCORE: The S&P 500 index dropped 29 points, or 1.1 percent, to 2,777 as of 12:50 p.m. Eastern time. The Dow Jones Industrial Average fell 220 points, or 0.8 percent, to 25,970. The Nasdaq composite fell 134 points, or 1.8 percent, to 7,396.
Stocks fell lower Thursday, as the Federal Reserve left its benchmark interest rate unchanged. The Dow Jones Industrial Average was mostly flat, and the S&P 500 was down 0.25%. According to Business Insider, US oil benchmark West Texas Intermediate tumbled into a bear market. Disappointing earnings...
Now that the U.S. is set to surpass Saudi Arabia in oil production, how should investors feel about oil? "I feel mixed about oil, right? I mean, look, the Saudis are trying to cut production. They made..