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Dow Jones Falls 150 Points After Stock Market Sell-Off; Tesla Stock Continues To Skid Investor's Business DailyStock market news live updates: Stocks fall after Monday's market rout Yahoo FinanceStocks slide as data spooks investors about rate hikes ReutersStocks slide as strong data suggests Fed has more to do WISH TV Indianapolis, INS&P 500 Down 2%; Nasdaq Drops 250 Points - China Pharma Holding (AMEX:CPHI), EHang Holdings (NASDAQ:EH) Benzinga
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The U.S. Energy Information Administration lowered its 2022 and 2023 forecasts for U.S. and global benchmark oil prices, according to a monthly report released Tuesday. The EIA said this year's Brent crude is expected to average $101.48, down 0.6% from the November forecast. West Texas Intermediate crude prices are expected to average $95.22 a barrel this year, down 0.7% from the previous forecast. The EIA also cut its WTI and Brent oil forecasts for 2023 by more than 3% each to $86.36 for WTI and $92.36 for Brent. In Tuesday dealings, oil prices continued to trade sharply lower. January WTI crude CLF23 was down $2.28, or 3%, to $74.65 a barrel on the New York Mercantile Exchange. February Brent crude BRNG23 fell $2.57, or 3.1%, to $80.11 a barrel on ICE Futures Europe.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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These biotechs could skyrocket in 2023, but only if they can execute their plans.
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U.S. stocks opened slightly lower Tuesday, with the S&P 500 and Nasdaq Composite trading about flat after Monday's sharp selloff. The Dow Jones Industrial Average was down about 0.1% soon after the opening bell, while the S&P 500 slipped about 0.1% and the Nasdaq Composite was down down less 0.1%, according to FactSet data, at last check. The yield on the 10-year Treasury note was down about three basis points at 3.57% Tuesday morning, while the two-year Treasury yield was up about two basis points at around 4.40%. In economic data released Tuesday, the U.S. trade deficit rose to a four-month high amid a weakening global economy.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Dow Jones Dives On Fear Of More Rate Hikes Into 2023; Tesla Stock Plunges Investor's Business DailyStocks slide as data spooks investors about rate hikes ReutersStock Market Today: Dow, Nasdaq and S&P 500 Close Down, Erasing Most of Last Week's Gains The Wall Street JournalUS stocks stumble after hotter than expected services data Financial TimesHow major US stock indexes fared Monday 12/5/2022 The Washington PostView Full Coverage on Google N
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