Oil slides to US$51.55; Wall Street edges higherBusiness | 11 Aug 2017 10:37 pm
U.S. stocks edged higher in early trading today, recouping some of the ground they lost after the market's biggest single-day drop in nearly three months. Technology and health care stocks were among the big gainers. Utilities companies were down the most. Investors had their eye on company earnings and the latest developments in the ongoing tensions between North Korea and the United States.
The Standard & Poor's 500 index was up by 7 points, or 0.3 percent, at 2,445 as of 10:19 a.m. eastern time. The Dow Jones industrial average added 51 points, or 0.2 percent, to 21,895. The Nasdaq composite gained 32 points, or 0.5 percent, to 6,249. The Russell 2000 index of smaller-company stocks picked up 1 point, or 0.1 percent, to 1,373.
Benchmark U.S. crude was down 21 US cents to US$48.38 a barrel on the on the New York Mercantile Exchange. Brent crude, used to price international oils, was down 35 US cents to US$51.55 a barrel in London.