Stocks Ended Mixed, Oil Prices Rose
- Wednesday, August 22, 2018, 16:29
- Stock Market
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U.S. stocks ended mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks. The Dow Jones Industrial Average fell 88.69 points, or 0.34%, to 25,733.60. The S&P 500 lost 1.14 points, or 0.04%, to 2,861.82. The Nasdaq Composite added 29.92 points, or 0.38%, to 7,889.10.
Crude-oil futures rose for a fifth session in a row on Wednesday, after data showed a sharper-than-expected decline in U.S. crude inventories. West Texas Intermediate oil for October delivery rose $2.02, or 3.1%, to settle at $67.86 a barrel. October Brent crude ended $2.15, or 3%, higher at $74.78 a barrel.
U.S. central bankers are ready to raise interest rates again so long as the economy stays on track, according to a record of the Federal Reserve’s most recent policy meeting.
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