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Stocks fell Thursday, with the Dow Jones industrial average declining for an eighth straight day, as trade tensions persisted among the US and multiple countries. The dollar and Treasury yields fell.
Crude prices slid Thursday as OPEC and other supply-cutting countries moved closer to a deal to ease supply cuts that have been propping up prices for two years.
The Nasdaq hit an all-time high Wednesday as tech and media stocks rose to fresh peaks, managing to shake off mounting trade tensions that have weighed on global markets this week. The dollar held close to an 11-month high, and Treasury yields inched higher.
Global markets shuddered Tuesday after President Donald Trump threatened hundreds of billions of dollars worth of tariffs on China, putting the world's largest economies on the brink of a trade war. The DJIA turned negative for the year and saw its longest losing streak since March 2017.
Stocks were mixed Thursday after the European Central Bank announced plans to rein in a large-scale stimulus program that's been in place since the eurozone debt crisis. Trade tensions with the US heated up on multiple fronts, including with China and the EU.
Stocks rose Wednesday, with the Dow Jones industrial average cracking 25,000 for the first time since late May. The euro hit a two-week high against the dollar. US Treasury yields rose, holding just below 3%.
Oil fell Wednesday after the Energy Information Administration reported an unexpected increase in US crude inventories.
Stocks were mixed Tuesday as US trade tensions rose on multiple fronts. The dollar and the 10-year Treasury yield fell.
US officials have reportedly asked Saudi Arabia and other supply-cutting countries to raise output by about a million barrels per day.
Stocks rose Monday, as markets shifted focus from trade tensions to last week's upbeat jobs data. The dollar slipped, and Treasury yields inched up.