Stocks Opened Slightly Higher, Oil Traded Flat
- Tuesday, November 7, 2017, 9:54
- Stock Market
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U.S. stocks opened mostly higher on Tuesday, as investors awaited updates on tax reform and economic growth. The Dow Jones Industrial Average lately rose 45.27 points, or 0.19%, to 23,593.69. The S&P 500 was up 5.34 points, or 0.21%, to 2,596.47. The Nasdaq Composite added 6.49 points, or 0.10%, to 6,792.93.
Oil prices traded flat to slightly lower Tuesday, following a purge of high-level figures in Saudi Arabia, a key crude producer. December West Texas Intermediate crude dipped by 2 cents, or less than 0.1%, to $57.33 a barrel, while January Brent crude gave up 20 cents, or 0.3%, to $64.07 a barrel.
OPEC said shale oil production will grow considerably faster than expected over the next four years after the group’s output cuts triggered a crude-price recovery that helped U.S.
Tesla Inc. has acquired Perbix, a closely held maker of automated machines used for manufacturing, as the electric-car maker struggles to boost production of its most important new model.
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