The Latest News:

  • U.S. stocks ended November on a subdued note, with energy stocks fall after the Organization of Petroleum Exporting Countries maintained its output target.
  • U.S. energy stocks experienced heavy pressure as crude oil futures declined to multi-year lows, Reuters reports.
  • However, retail gains on optimistic holiday shopping season helped pare losses.
  • Some observers, though, believe the rout in energy could extend next week as many were off because of the holiday.
  • “This washout isn’t finished yet,” Colin Cieszynski, senior market analyst with CMC Markets, said in a Wall Street Journal article.. “Often, when you’ve had a big decline, people are forced out of the market…that might have been dragged out because of the holiday.”

Compass EMP U.S. 500 Volatility Weighted Index ETF

Source: Yahoo! Finance

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Max Chen contributed to this article.