The U.S. markets were under pressure as investors were skittish following manufacturing data out of China that was lower than expected and concerns about a slow start to the holiday spending season.
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Nymex Crude Oil recovered from an early session slide and surged 4.31% higher to settle at $69.00 per barrel up $2.85. Gold prices also jumped as the precious metal gained $42.6 to settle at $1,218.10 up 3.62%.
The equity markets remained in the red with the Dow Jones Industrial Average shedding 51.44 points to close at 17,776.80 down 0.29%. The S&P 500 fell 14.12 points to close at 2,053.44 down 0.68%.
The NASDAQ Composite slid 1.34% or 64.28 points to close at 4,727.35. The Nasdaq 100 was down 1.15% losing 49.97 points to close at 4,287.81.
The Small cap Russell 2000 dropped 19.17 points to close at 1,154.06 down 1.63% and the Fox50 index slid 0.71% to close at 1,452.22 down 10.32 points.