US stocks decline with oil; Canadian shooting cited
U.S. stocks turned lower on Wednesday, following the S&P 500's biggest jump in a year, as investors considered the fatal shooting of a soldier in Ottawa, reports of gunfire in the halls of Canada's Parliament and oil falling to a more-than two-year low.
"For the market to regain footing, we need the price of oil to stabilize," said Anastasia Amoroso, global market strategist at J.P. Morgan Funds.
"It hits close to home, and with everything going on in the world, perhaps it's a contributor," Stephen Carl, head equity trader at the Williams Capital Group, said of the situation in Canada's capital, where lawmakers reportedly had barricaded themselves in their offices. "You don't know what going on there is Ottawa; as we've seen over the last couple of weeks, people buy protection on news o
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Submitted Oct 22, 2014 By: