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U.S. Stocks Close Lower as Utilities Drop, Oil Prices Climb

May 25, 2023
in Trade Tube
Reading Time: 1 min read
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The first day of trading in the fourth quarter was rough as stocks declined. However, crude oil added to its recent rally, closing 1.2% higher at $48.81 a barrel as Iran urged oil producers to help increase oil prices. The utilities sector was the leading laggard on Monday. The Dow Jones Utilities Average Index fell over 1%. Shares of Winnebago Industries

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