Stock market ends sharply lower
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Auto Stocks Fall
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Shares of oil companies and defense contractors rise after Israel launched an attack on Iran’s nuclear facilities.
Many tech stocks fall outside of the traditional definition of value, but this portfolio manager says investors should adapt their thinking.
ConocoPhillips (COP), Exxon Mobil (XOM): Shares in
U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading. The Dow Jones Industrial Average fell 1 point to close at 42,865.77, while the S&P 500 Index lost 16.51 points to settle at 6,022.30. The Nasdaq Composite was down 99.11 points, 0.5%, to 19,615.88
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The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market.