Markets

Dow Jones dragged lower by oil prices

2019-02-12 03:10:51 GMT (Economies.com)

US stock indices were mixed today, with Dow Jones pressured by the lower oil prices and uncertainty over US-China negotiations, while Nasdaq closed higher.  

 

The White House and Congress recently agreed to fund the federal government for three weeks ending February 15. 

 

US Vice President Mike Pence said he expected another government shutdown as no deal between Trump and the Democrats seems likely. 

 

A US delegation led by treasury secretary Steven Mnuchin traveled to China to conduct talks with officials in Beijing in another attempt to reach a compromise and solve the trade dispute. 

 

In the oil markets, US West Texas fell 0.6% to $52.41 a barrel, while Brent declined 1% to $61.51 a barrel. 

 

Stock Performance 

 

Dow Jones fell 0.2% to $25,053, with a session-low at 25,009. 

 

Nasdaq rose 0.1% to 7,308, with an intraday high at 7,343, and a low at 7,290. 

 

Standard and Poor's 500 added 0.1% to 2,710, with an intraday high at 2,718, and a low at 2,703. 

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