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US stocks edge lower; energy shares reverse a slide

US stocks edge lower; energy shares reverse a slide

Stocks remained mostly lower in midday trading Monday, but a spike in oil prices helped energy shares reverse an early decline. Investors continue to focus on the Federal Reserve, which appears on track to raise interest rates as soon as September. KEEPING SCORE: The Dow Jones industrial average was down 127 points, or 0.8 percent, to 16,515 as of 2:35 p.m. Eastern time. The Standard & Poor's 500 index lost 17 points, or 0.9 percent, to 1,972 and the Nasdaq composite declined 47 points, or 1 percent, to 4,780. OIL SURGE: Oil prices, which had been solidly lower earlier in the day, jumped after the U.S. Energy Department cut its estimate for the country's oil production, citing...

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