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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,712.97
(
-0.13%
)
Post# of 90877
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Re: griff post# 85786

Friday, 05/26/2017 10:01:54 AM

Friday, May 26, 2017 10:01:54 AM

Post# of 90877
Stocks, Oil No Longer in Lockstep -- Market Talk
DOW JONES & COMPANY, INC. 10:01 AM ET 5/26/2017
1401 GMT - Oil prices have had a rough week, but the correlation between the oil price and the S&P 500 continues to ease, according to analysts at Brown Brothers Harriman. In the first quarter of 2016, the correlation reached almost 0.60, they say, but has been trending lower over the last two months and now is near 0.18. "Based on current correlations, investors in the S&P 500 should not put much weight on the direction of oil," they conclude.(riva.gold@ wsj.com)


(END) Dow Jones Newswires
05-26-171001ET
Copyright (c) 2017 Dow Jones & Company, Inc.

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