US: Stocks end mostly lower as rally shows signs of fatigue

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[NEW YORK] Wall Street stocks finished a choppy session mostly lower Wednesday as oil prices fell and fresh US labour data showed another spike in joblessness. Read more at The Business Times.

Sentiment was further dimmed as oil prices fell, snapping a five-day streak of gains amid doubts on how fast demand will recover. US data showed an increase in crude stockpiles, but not as big a jump as analysts expected.

"As the macro indicators become more of a factor, that's going to create a bit of hesitancy on the part of the investors," Mr Cardillo added.

 

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