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VIENNA | OPEC ministers, Russia, meeting for oil production cut talks

VIENNA  — OPEC countries are mulling a possible cut to oil production in an attempt to stabilize prices as they meet for a second straight day. Heavyweight Saudi Arabia has been pushing a cut of about 1 million barrels a day, but the oil cartel was not able to make a decision on Thursday. Analysts … Continue reading VIENNA | OPEC ministers, Russia, meeting for oil production cut talks

VIENNA | OPEC members expected to agree cut in crude production

VIENNA — OPEC members are meeting to agree on their response to recent declines in oil prices, with analysts predicting a cut in production of at least 1 million barrels per day. Crude prices began falling in October and continued to plunge last month because of oversupply and fears weaker global economic growth would dampen … Continue reading VIENNA | OPEC members expected to agree cut in crude production

S&P 500 slides into ‘correction’ for second time this year

U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in more than a year, reflecting … Continue reading S&P 500 slides into ‘correction’ for second time this year

S&P 500 slides into ‘correction’ for second time this year

U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in more than a year, reflecting … Continue reading S&P 500 slides into ‘correction’ for second time this year

S&P 500 slides into ‘correction’ for second time this year

U.S. stocks closed lower Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent or more from its recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in more than a year, reflecting worries among traders … Continue reading S&P 500 slides into ‘correction’ for second time this year

NEW YORK | Stocks skid as oil plunge continues; tech sector also falls

NEW YORK — 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 April, causing steep … Continue reading NEW YORK | Stocks skid as oil plunge continues; tech sector also falls

NEW YORK | US stock indexes edge lower after a big post-election surge

NEW YORK — Stocks in the U.S. are taking small losses Thursday morning after a big rally the day before. Technology companies are slipping after chipmaker Qualcomm gave a disappointing revenue forecast for the current quarter and homebuilders are down after a weak fourth quarter. Health care companies are broadly higher after a big gain … Continue reading NEW YORK | US stock indexes edge lower after a big post-election surge

NEW YORK | Markets Right Now: Stocks sink again, go negative for year

NEW YORK — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are falling sharply on Wall Street again, erasing most of their big gains from the day before. The Dow Jones Industrial Average sank more than 300 points Friday, or 1.4 percent, putting it in the red for the year … Continue reading NEW YORK | Markets Right Now: Stocks sink again, go negative for year