Biggest weekly loss for stocks in 6 months, oil ticks up

October 12, 2018 - 4:48 pm

Jim Chesko reporting

After a massive two-day rout, Wall Street notched a solid rebound, but indices still suffered their worst weekly decline since last the Friday session.

The Dow Industrials rebounded 287 points, or 1.1%.

The Nasdaq composite leaped 167 points, or 2.3%.

Oil prices ticked up, but remained near a two-week low after a global equity rout and signs of rising crude supply. November crude rebounded 37 cents to settle at $71.34 a barrel.

OPEC lowered its global oil-demand-growth forecast for this year and next for the third month in a row.

The Port of New Orleans said today it has received an “excellence award” from the American Planning Association’s Louisiana chapter for Port NOLA’s strategic master plan. 

The master plan challenges Port NOLA to think more cohesively about growing the maritime and hospitality industries.

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