S&P 500 struggles to avoid lengthiest skid of 2018 as Mueller expands Russia probe

The S&P 500 index was on pace to decline for a fourth straight session, which would mark its longest such stumble in 2018. The broad-market index was being weighed by selling in the energy and materials sectors, the weakest groups of the index’s 11, even as U.S. crude-oil futures settled higher for a second session in row. If the S&P 500 falls a fourth session it would mark its longest string of losses since the four-session slide ended Dec. 6, 2017, according to Factset data. Meanwhile, the Dow Jones Industrial Average [: DJIA] was on track to close out Thursday in the green, up 150 points at 24,905, which would snap its three-session skid. The Nasdaq Composite Index , meanwhile, was set to finish lower, down 0.2% at 7,481, which would mark its third fall in succession. The stock market pared firmer gains in midday trade Thursday following a report that Special counsel Robert Mueller subpoenaed the Trump Organization to turn over documents, including some related to Russia, the New York Times reported Thursday, citing two people briefed on the matter.

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From:: Stock Market News

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