Wall St Turns Negative On Trade Worries Oil Prices


NEW YORK – Wall Street turned negative in indecisive trade on Thursday, giving up earlier gains as investors grappled with renewed trade worries and rising oil prices.

Comments by U.S. President Donald Trump that China “has become very spoiled on trade” added fuel to investor jitters as a second round of talks was launched today in efforts to avoid a tariff war between the world’s two largest economies.

Unrest in the Middle East suggested a reduction of oil supply and sent crude prices LCOc1 to their highest level in three-and-a-half years. The S&P Energy index .SPNY was up 1.2 percent, the largest gainer of the major S&P 500 sectors.

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