Mixed Results on Wall Street Following Plunge In Oil Prices
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iStock/Thinkstock(NEW YORK) — Another plunge in the price of oil kept Wall Street in a tight range on Tuesday, as investors once again worried about a long-running collapse in crude oil prices.
The Dow Jones Industrial Average finished the session on Wednesday at 17,673.02, up 6.62 from its open.
The Nasdaq, however, finished down by 11.03 to close at 4,716.70. The S&P 500 was also down 8.52 to close at 2,041.51.
The price of oil fell on Wednesday by 4.60 to $48.45 a barrel.
Hundreds of workers at Ford Motor Company are about to get raises. The hourly workers are being moved into a higher pay bracket, because Ford is surpassing a cap on the number of lower-wage workers it can hire.
The company plans to hire about 900 workers to help build its new F-150 pickup truck.
Target Canada received court approval on Wednesday to begin liquidating its stock. In January, Target announced it would close all 133 of its Canadian stores.
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