"The tax bill and the oil prices will be the key going till the end of the year." Financial stocks weighed on the Dow, as Goldman Sachs fell 1.5 percent and JP Morgan Chase & Co gave up a full two percent. Solid earnings reports and rising oil prices -- driven up by political turmoil in Saudi Arabia -- had helped push Wall Street higher in recent days. But crude prices fell Tuesday in New York, with a barrel of West Texas Intermediate for December delivery losing 15 cents to settle at $57.20 in New York. Royal Dutch Shell fell 1.5 percent while ConocoPhillips dropped 0.4 percent and Exxon Mobil gave up 0.2 percent.

Source: The Nation Bangkok November 07, 2017 21:56 UTC