ExxonMobil (XOM), Peers Set to Open Sharply Lower as Oil Plunges
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Wall Street drops, S&P 500 confirms correction
November 23, 2018 8:05 AM ESTBy Lewis Krauskopf
(Reuters) - U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.
The three major U.S. indexes all fell well over 3 percent for the week, with the Dow industrials and the Nasdaq posting their biggest weekly percentage declines since March.
The S&P 500 ended about 10.2 percent down from its Sept. 20 closing record high, confirming it had entered a correction.
The S&P last entered a correction... More
