Energy companies lead US stocks lower as oil prices tumble
https://apnews.com/000cc3be819c4dd29307f7b8edfadba7
Energy companies led a slide on Wall Street Friday morning as the price of U.S. crude oil tumbled to its lowest level in more than a year. Traders are worried that a slowing global economy could hurt demand for oil. A slide in technology and internet stocks also weighed on the market. Retailers were mixed as investors monitored Black Friday for signs of a strong holiday shopping season.
KEEPING SCORE: The S&P 500 index fell 7 points, or 0.3 percent, to 2,642 as of 11:43 a.m. Eastern Time. The Dow Jones Industrial Average lost 84 points, or 0.4 percent, to 24,379. The Nasdaq composite dropped 4 points, or 0.1 percent, to 6,967. The Russell 2000 index of smaller-company stocks picked up 9 points, or 0.7 percent, to 1,498.