Stocks Skid On Economic Concerns

By MarketsFOXBusiness

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.

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