Stocks continue to tumble, oil ends its slide

November 14, 2018 - 3:53 pm

It’s finally over -- a 12-day skid by U.S. oil prices ended today, as the benchmark December crude contract settled 56 cents higher at $56.25 a barrel. Still, that price is down about 26 percent from the multi-year high above $76 set on October 3.

Stocks ended lower again. The Dow Jones Industrials dropped 206 points, while the Nasdaq Composite fell 64.  

It’s been a challenging year for Facebook, and the Wall Street Journal reports that the setbacks, including ongoing leadership turmoil and a plunge in the social-media giant's stock price, are taking a toll on employee morale. The Journal reviewed an employee survey that found just over half of them saying they were optimistic about Facebook’s future, down 32 percent from a year earlier.
Losses continue to mount at the U.S. postal service. It's adjusted loss in the just-ended fiscal year totaled $2 billion.

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