Skip to Content
AP National Business

Stocks edge lower, oil prices rise despite release of crude

<i></i><br/>
KMIZ

By
Published 12:19 PM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks edged lower in choppy trading on Wall Street Tuesday as losses from communication and technology companies tempered gains elsewhere in the market. The S&P 500 fell 0.3%, The Dow Jones Industrial Average rose 0.2% and the Nasdaq slipped 1.3%. Prices for crude oil and wholesale gasoline rose despite the fact that President Joe Biden ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs. The move was made in concert with other big oil-consuming nations. Gains from banks and energy companies tempered losses from falling communications and technology stocks.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content