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Technology stocks also extended recent losses as shares of Apple Inc (AAPL.O) fell for a fifth consecutive day on mounting concerns that iPhone sales have hit a wall cufflinks on sale uk sale. At their session low, Apple shares were down more than 20 percent from their record high. Apple’s 2.8 percent drop helped drag the S&P 500 technology index .SPLRCT down 1.3 percent. The market had started on a buoyant note as oil prices rebounded and data showed consumer prices rose only as much as expected last month, easing fears of overheating inflation and a faster pace of interest rate hikes..
But sentiment turned lower by midday, with investors citing ongoing concerns about a slowdown in global economic growth prospects as reason to remain cautious. “A cocktail of uncertainty regarding global growth, as well as trade-related issues, has put market speculators on their heels,” said Chad Morganlander, senior portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey. The Dow Jones Industrial Average .DJI fell 205.99 points, or 0.81 percent, to 25,080.5, the S&P 500 .SPX lost 20.6 points, or 0.76 percent, to 2,701.58 and the Nasdaq Composite .IXIC dropped 64.48 points, or 0.9 percent, to 7,136.39 cufflinks on sale uk sale.
PG&E Corp (PCG.N) slumped 21.8 percent after the utility warned it could face “significant liability” in excess of its insurance coverage if its equipment was found to have caused the blaze raging in Northern California. Declining issues outnumbered advancing ones on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 1.93-to-1 ratio favored decliners. The S&P 500 posted 12 new 52-week highs and 17 new lows; the Nasdaq Composite recorded 18 new highs and 206 new lows. Volume on U.S cufflinks on sale uk sale. exchanges was 8.96 billion shares, compared with the 8.53 billion average over the last 20 trading days..
NEW YORK (Reuters) – Oil rose about 1 percent on Wednesday, recouping some of the previous session’s heavy sell-off, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices cufflinks on sale uk sale. After a record 12 straight days of losses and the steepest one-day loss in more than three years, the oil market reversed course after Reuters reported that OPEC and its partners were discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), more than officials had mentioned previously..
Brent crude LCOc1 settled up 65 cents, or 1 percent, at $66.12 a barrel, after hitting a session high of $67.63. U.S cufflinks on sale uk sale. crude futures CLc1 rose 56 cents, or 1.01 percent, to settle at $56.25 a barrel, after sliding for 12 straight sessions to the lowest since November 2017. Prices pared gains in post-settlement trade as the American Petroleum Institute said crude inventories rose by 8.8 million barrels in the week to Nov. 9 to 440.7 million, compared with analysts’ expectations for an increase of 3.2 million barrels. [API/S]..