ETFs tracking major domestic indexes closed mixed Thursday, as the stock market digested corporate earnings and fretted about an oil glut. The Dow industrials continued their losing streak for a fourth day.
Oil prices struck a new three-month low on Thursday after official data showed a surprise increase in crude oil and gasoline stockpiles. U.S. light crude settled at $41.14 per barrel. United States Oil (USO), a commodity exchange traded fund, dropped more than 2% as it fell for the sixth consecutive session. The ETF is now down roughly 22% from its 2016 high of 12.45, which technically marks bear market territory...............................................Full Article: Source
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