US stocks close stable amid pressure from energy sector

Economies.com
2019-04-11 20:50PM UTC

US stocks stabilized at the end of today's trading, as the drops in oil prices continued to put pressure on the energy sector, despite positive data released earlier today.

 

US President Donald Trump has warned the world's nations and unions that the trade war has not yet ended, posing threats to blocs such as China and the European Union.

 

On the other hand, West Texas crude fell 1.6% to close at $63.58 a barrel, with a session high of $64.4 and a low of $63.3.

 

Brent fell 1.3% to $70.78 a barrel, with the highest at $71.6 and the lowest at $70.5.

 

While The US economy released today labor data showing that the number of weekly jobless claims in the US fell by 8,000 to 196,000 last week, while the producer price index (PPI) rose in March.

 

At the close of the session, Dow Jones fell 14 points to close at 26,143 points, with the highest level at 26,229 points and the lowest at 26,062 points.

 

Nasdaq also fell 0.2% (17 points) to 7,747 points, and recorded a high of 7,975 points and a low of 7,933 points.

 

While Standard & Poor's stood at 2,888 points, reaching a high of 2,893 points and a low of 2,881 points.

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