Oil Prices Decline to $60 a Barrel - Adviser Investments

Oil Prices Decline to $60 a Barrel

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Friday, November 9. All major U.S. stock indexes declined today, with the Dow Jones Industrial Average, S&P 500 and NASDAQ declining 0.8%, 0.9% and 1.7%, respectively. Oil prices also dropped—for the fifth consecutive week—falling below $60/barrel. Meanwhile, the Labor Department’s producer price index increased 0.6% in October and 2.9% year-over-year. On the earnings front, Disney advanced about 2% after beating sales and earnings expectations and topping $5 billion in theme park and resort sales.

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