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Wall Street dragged down by energy stocks Wall Street dragged down by energy stocks
(about 3 hours later)
(Open): Shares opened lower on the half-day's trading before Christmas. (Close): Wall Street closed down on the half-day's trading before Christmas.
The main Dow Jones index dropped 51.68 points, or 0.3%, to 17,550.93. The wider S&P 500 and the tech-heavy Nasdaq opened flat. The main Dow Jones index dropped 50.44 points, or 0.3%, to 17,552.17. The wider S&P 500 and the tech-heavy Nasdaq were almost unchanged.
On the Dow, after strong gains on Wednesday, energy stocks led the way down, with Chevron and Exxon Mobil both 1.1% lower. On the Dow, after strong gains on Wednesday, energy stocks led the way down, with Chevron down 1.5% and Exxon Mobil 0.7% lower.
Sportswear giant Nike implemented its two-for-one share split, cutting their value in half. Sportswear giant Nike implemented its two-for-one share split, cutting the value of its shares in half.
On the currency markets, the dollar was down almost half a cent against the euro at 91.32 cents, and also down slightly against the pound at 67.01 pence. On the currency markets, the dollar was down 0.4% against the euro at 91.33 cents, and also down 0.4%against the pound, at 66.98 pence.