Wednesday, 3 February 2016

Wall Street slides with Exxon

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US stocks dropped on Tuesday after another steep fall in oil prices and a disappointing spending forecast from Exxon Mobil. 

Shares of Exxon fell 2.2 percent to USD 74.59 after the oil major reported its smallest quarterly profit in more than a decade, forecast a 25-percent drop in capital spending from 2015 levels and suspended share repurchases.

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