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Volatility hits Wall Street and U.S. oil tops $110 a barrel

Volatility hits Wall Street and U.S. oil tops $110 a barrel

Summary

Wall Street experienced more ups and downs after a period of increases, with major stock indexes ending the day slightly lower. The price of U.S. oil briefly approached $114 a barrel, indicating ongoing high prices.

Key Facts

  • The S&P 500 index fell by 0.1% after dropping as much as 1.5% earlier in the day.
  • The Dow Jones Industrial Average went down by 142 points, or 0.3%.
  • The Nasdaq composite lost 0.2%.
  • Stock markets in Europe and Asia also ended the day lower.
  • The price of U.S. crude oil nearly reached $114 a barrel before slightly decreasing.
  • Volatility, which means lots of ups and downs, returned to the stock market after a couple of days of steady gains.

Source Information