US Stock Market Ends Slightly Lower
Concerns over weaker global economic growth appeared to outweigh a pair of strong reports on the U.S. economy Tuesday, nudging stocks to a tiny loss. Crude oil prices sank 3 percent, pulling down stocks of oil producers. Small-companies, which have fewer ties to the world economy, made gains. Meanwhile, the dollar reached a one-year high against the euro as short-term interest rates edged up. Jack Ablin, chief investment officer at BMO Private Bank said “It’s the picture of U.S. strength against the backdrop of global weakness.”
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