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Down day on Wall Street, as energy stocks slide

New boss at NOLA World Trade Center

May 22, 2019 - 3:54 pm

Jim Chesko reporting...

Stocks finished modestly lower today, with the markets showing little reaction to Federal Reserve meeting minutes that indicated policy makers are committed to a “patient” policy stance. The Dow Industrials gave back 100 points, the Nasdaq Composite lost 34, and the S&P 500 eased 8.

But better-than-expected quarterly earnings and sales at Target sent the discount retailer’s shares jumping 7.8%. Target’s e-commerce sales surged 42%, with a growing number of shoppers utilizing curbside pickup service for online orders.

Energy stocks fell today as the price of oil slid 2.7 percent.

Oil futures plunged after the government reported that U.S. crude-oil inventories surged last week. July crude skidded 2.7% to settle at $61.42 a barrel. 

The World Trade Center New Orleans has a new boss. Ed Webb, president and CEO of the World Trade Center of Louisville, Kentucky, the past 11 years …will succeed departed CEO Caitlin Cain at the New Orleans organization.

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