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Why Crude Oil Prices and the S&P 500 Are Feeling the Heat

Gordon Kristopher
Why Crude Oil Prices and the S&P 500 Are Feeling the Heat

The S&P 500 fell ~1.2% to 2,689.86 on May 29, marking the largest one-day decline in a month. Concerns about political uncertainty in Italy and the Eurozone pressured US bank stocks—which, in turn, pressured the S&P 500. Eight of the ten key sectors in the S&P 500 declined on May 29.