4.24.20 Stocks Slide as Oil Prices Drop
Stocks moved lower on the week as volatility in the oil patch dominated headlines. Prices for the May contracts for WTI crude oil briefly vaulted into negative territory ahead of the settlement date on April 21. Jobless claims continued to climb at a record pace, though the growth rate declined for a third consecutive week.
The S&P 500 Index moved lower, breaking a two-week winning streak. The Dow Jones Industrial Average lagged while the Nasdaq outperformed, losing less than 0.2% for the week.
Small caps outperformed large caps for only the sixth week this year. Growth-style stocks led value again, following his
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