Stocks End Flat, Energy Shares Lower
- Monday, October 27, 2014, 16:52
- Stock Market
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U.S. stocks ended near flat on Monday, as energy shares fell with another decline in oil prices. The Dow Jones industrial average rose 12.53 points, or 0.07%, to 16,817.94, the S&P 500 lost 2.95 points, or 0.15%, to 1,961.63. The Nasdaq Composite added 2.22 points, or 0.05%, to 4,485.93.
Oil futures fell sharply on Monday, after Goldman Sachs slashed its forecast for prices, predicting West Texas Intermediate crude oil prices will spend the better part of 2015 at $75 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December slid $1.20, or 1.5%, to $79.79 a barrel.
Twitter Inc. said its third-quarter revenue more than doubled, and the company continued its streak of adding users. Revenue in the third quarter was $361.3 million, compared with $168.6 million a year earlier.
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