Pursuits
U.S. Stocks Decline as Oil Slips With Dollar: Markets Wrap
- Risks are being downplayed in equity market, El-Erian says
- European stocks’ rally falters as banks under pressure
Jane: Investors Should Be More Positive on Europe
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U.S. stocks edged lower, with the Dow Jones Industrial Average failing to make progress toward 20,000, as oil retreated and a rally in the dollar faltered in light trading ahead of the holidays.
The Dow slipped 31 points to 19,943 in trading 21 percent lower than the 30-day average. An advance in European stocks ended after equities reached the highest level of the year, as banks dragged indexes lower. Oil fell after a government report showed U.S. crude stockpiles increased for the first time in five weeks. The yen strengthened and the dollar slid from the highest since 2003 versus the euro.