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Crude Oil Prices Limit the S&P 500’s Downside

Crude Oil Prices Limit the S&P 500’s Downside

The S&P 500 fell ~0.21% to 2,773.75 on June 18. Trade wars between the US and China pressured the S&P 500 on the same day. However, increased crude oil prices and energy stocks helped the S&P 500 rebound from the day’s low. Seven out of the ten key sectors in the S&P 500 declined on June 18.