Nasdaq leads selloff as rally pauses, oil jumps on OPEC cut

  • Nasdaq leads selloff as rally pauses, oil jumps on OPEC cut

    All three of the U.S. major stock averages fell as investors take a breather after two days of solid gains. Financials and utilities paced the early declines and investors continue to eye Twitter as more legal wrangling continues over Elon Musk's deal. In commodities, oil rose to the $87 per barrel level after OPEC announced a large production cut.

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