Stocks Ended Little Changed as Harvey Pummeled Texas
- Monday, August 28, 2017, 16:55
- Stock Market
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U.S. stocks ended little changed on Monday, as investors gauged the effect of Hurricane Harvey. The Dow Jones Industrial Average declined 5.27 points, or 0.02%, to 21,808.40. The S&P 500 was up 1.19 points, or 0.05%, to 2,444.24. The Nasdaq Composite rose 17.37 points, or 0.28%, to 6,283.02.
Oil futures dropped Monday to their lowest finish in about a month, with traders expecting refinery shutdowns in the Gulf of Mexico region due to storm system Harvey to cause an excess in crude supplies. October West Texas Intermediate crude fell $1.30, or 2.7%, to settle at $46.57 a barrel. October Brent crude fell by 52 cents, or 1%, to $51.89 a barrel.
Amazon.com Inc. completed its $13.7-billion purchase of Whole Foods Market Inc. on Monday and immediately slashed prices by up to 43% for some of the grocery chain’s bestselling products.
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