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| Version 3 | Version 4 |
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| Stock Volatility Continues as Rising Oil Prices Help Erase Early Losses | Stock Volatility Continues as Rising Oil Prices Help Erase Early Losses |
| (about 1 hour later) | |
| The new year began on Wall Street with a new round of choppy trading, as stocks opened sharply lower but recouped their losses by late morning after a surge in crude oil prices. | |
| Volatility has been a defining characteristic of the stock market lately. Investors are trying to gauge the odds of an economic slowdown in the United States, and how such an event might be affected by rising interest rates, uncertainty in American politics and a trade war with China. | Volatility has been a defining characteristic of the stock market lately. Investors are trying to gauge the odds of an economic slowdown in the United States, and how such an event might be affected by rising interest rates, uncertainty in American politics and a trade war with China. |
| The tone on Wednesday was initially set by fresh evidence that the Chinese economy, the world’s second-largest, is slowing. Major benchmarks in Asia declined and shares in Europe bounced back after early losses. | The tone on Wednesday was initially set by fresh evidence that the Chinese economy, the world’s second-largest, is slowing. Major benchmarks in Asia declined and shares in Europe bounced back after early losses. |
| Crude oil jumped more than 3 percent, and energy stocks were among the best performers in the S&P 500. The American crude benchmark was trading as high as $47.55 a barrel by late morning. Oil prices experienced their first decline in three years in 2018, amid worries about excess supply and softer demand. | Crude oil jumped more than 3 percent, and energy stocks were among the best performers in the S&P 500. The American crude benchmark was trading as high as $47.55 a barrel by late morning. Oil prices experienced their first decline in three years in 2018, amid worries about excess supply and softer demand. |
| [Wall Street’s stock pickers are still hopeful about the year ahead, but here are four things they’re worried about.] | [Wall Street’s stock pickers are still hopeful about the year ahead, but here are four things they’re worried about.] |
| The bad economic news from China involved a drop in factory activity in the country month, according to government and private measures released this week. The dour numbers indicated that the trade war between China and the United States was beginning to weigh on the Chinese manufacturing sector. | The bad economic news from China involved a drop in factory activity in the country month, according to government and private measures released this week. The dour numbers indicated that the trade war between China and the United States was beginning to weigh on the Chinese manufacturing sector. |
| The Hang Seng in Hong Kong dropped 2.8 percent. In China, the Shanghai Composite index fell 1.2 percent and the Shenzhen Composite index closed 0.9 percent lower | The Hang Seng in Hong Kong dropped 2.8 percent. In China, the Shanghai Composite index fell 1.2 percent and the Shenzhen Composite index closed 0.9 percent lower |
| The Taiex index in Taiwan fell 1.8 percent, while the Kospi in South Korea was down 1.5 percent. Japan’s markets were closed for a holiday. | The Taiex index in Taiwan fell 1.8 percent, while the Kospi in South Korea was down 1.5 percent. Japan’s markets were closed for a holiday. |
| Manufacturing data for the eurozone that was released on Wednesday also showed an across-the-board slowdown in December. But after dipping more than 1 percent to start the day, the Euro Stoxx 50 was essentially unchanged by late afternoon. | Manufacturing data for the eurozone that was released on Wednesday also showed an across-the-board slowdown in December. But after dipping more than 1 percent to start the day, the Euro Stoxx 50 was essentially unchanged by late afternoon. |