Stocks are lower (SPY, SPX, DJI, IXIC, USO, WTI, OIL, VDE)
Investing.com
Stocks opened lower on the last trading day of this short week.
Stocks rebounded in the final 90 minutes of trading, with the Dow up as much as 11 points, the S&P 500 down one, and the Nasdaq up 2. The Dow had lost as many as 90 points earlier.
Stocks were down for a third day.
The S&P 500 went back into the red for the year on Wednesday as stocks reversed the few days of gains after the Federal Reserve meeting.
Gold is also extending its move in the other direction. Gold fell 0.42%, or $5 an ounce to as low as $1,212.90 in early trading. It could end up with the worst week in four months.
Crude oil also continued to fall. On Wednesday, the Energy Information Administration reported a build in inventories by 9.4 million barrels, which was more than expected.
In economic data, initial jobless claims rose less than expected last week to 265,000. Durable goods orders declined 3%, as transportation orders tumbled.
Markit's flash services PMI came in at 51, rebounding from contractionary territory and showing little sector growth.
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