In this file photo a view of the New York Stock Exchange is seen on Wall Street on March 23, 2020 in New York City. — AFP pic
Analysts said crashing oil prices had undermined investor sentiment following a three-week period in which stocks rallied. “The negative print for May, and the further collapse in prices for June delivery , is a pathway to weaker labour conditions in the energy sector for months to come , as well as a warning sign for increased credit default risk in the sector,” said Briefing.com analyst Patrick O’Hare.
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