While you were sleeping: Home run awaited

Mon, 25 Jul 2016

By Margreet Dietz July 26 (BusinessDesk) - Wall Street slid with the price of oil, pushing down shares of Chevron and Exxon Mobil, as investors awaited a host of key events including a slew of corporate earnings and a Federal Reserve policy meeting. In 2.59pm trading in New York, the Dow Jones Industrial Average retreated 0.6 percent, while the Nasdaq Composite Index slipped 0.2 percent. In 2.44pm trading, the Standard & Poor’s 500 Index declined 0.5 percent. The S&P 500 had ended Friday at a record high. “Earnings are the key this wee...

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