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Wall Street set for lower open on oil slide

Reuters 

By Sruthi Shankar(Reuters) - The Dow Jones Industrial Average was poised for a 100-point drop at the open on Wednesday as a slide in oil prices hit global markets and concerns about the fate of U.S. tax cuts continued to weigh on the mood.Oil prices slipped for the fourth day running after the International Energy Agency issued a gloomy outlook for demand. Chevron shares were down about 0.7 percent, while those in Exxon slipped 0.3 percent.Among other decliners, Target slipped 3.64 percent after the retailer issued a disappointing profit forecast for the key holiday quarter.A flattening ...

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First Published: Wed, November 15 2017. 19:36 IST
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