Stocks tumble in the final hour of trading

pulse

November 21, 2018 6:57 PM

Stocks rose Wednesday as oil prices steadied, a day after a series of steep selloffs led by energy and technology companies wiped out 2018 gains.

Stocks staged a recovery and then rolled over in the final hour of trading on Wednesday, a day after a sharp selloff wiped out gains for the year.
Energy stocks, which have recently fallen into a bear market, led the S&P 500 rally.

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West Texas Intermediate Brent

Meanwhile, the Commerce Department said new orders for key capital goods made in the US were unexpectedly unchanged last month and that shipments were slightly higher. Economists polled by Reuters estimated core capital goods orders rose by 0.2% in October.

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