Stocks End Day Little Changed

Oil prices fall
By Newser Editors and Wire Services
Posted May 8, 2018 3:16 PM CDT
Stocks End Day Little Changed
Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Monday, May 7, 2018.   (AP Photo/Richard Drew)

Stocks are ending little changed and oil prices fell after President Donald Trump said the US was withdrawing from a landmark nuclear deal with Iran and would reimpose sanctions on the country, the AP reports. The price of oil ended 2.4% lower Tuesday, paring some of its earlier losses. Gains in banks and industrial companies were offset by losses in health care and consumer goods stocks. Comcast fell 5.6% after Reuters reported the company wants to make a new offer for the entertainment businesses that Twenty-First Century Fox agreed to sell to Disney. The S&P 500 fell a fraction to 2,671. The Dow Jones industrials edged up 2 points to 24,360. The Nasdaq rose 1 point to 7,266. (More stock market stories.)

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