STOCK MARKET NEWS:Nasdaq turns higher in choppy trading, oil falls to $88 - Fox Business

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Developing Story

Recession woes drive oil down

Symbol	Price	Change	%Change
USO	$81.67	+1.32	+1.64%
BNO	$33.34	+0.60	+1.83%

U.S. crude oil fell over 9% to the $88 per barrel level as recession forecasts rise, including the Federal Reserve Bank of Atlanta's GDPNow which is currently predicting growth in the 2Q will fall 2.1%, likely confirming a recession.

Developing Story

Nasdaq curbs losses

Symbol	Price	Change	%Change
MU	$53.65	-1.63	-2.95%
DLTR	$156.27	+0.42	+0.27%
GOOGL	$2,174.75	-4.51	-0.21%
AMZN	$109.56	+3.35	+3.15%

Nasdaq Composite Index.

$

11165.181445

The Nasdaq Composite curbed losses early afternoon helped by gains in Micron, Dollar Tree, Google and Amazon.

TSA hits pandemic-era record over July 4 weekend

The Transportation Security Administration (TSA) screened more than 9 million travelers between Thursday and Sunday. 

Through Monday, TSA officers screened about 11.3 millionMore than 2.49 million individuals headed to airports on Friday – a pandemic-era record. 

Developing Story

U.S. may be in a recession

Breaking News

Dow sinks 500+ points, oil below $100 per barrel

Dow Jones Averages.

$

30522.79

Investors continued to sell U.S. stocks as they returned from the long July 4th holiday week with all three of the major benchmark averages down over 1% in early trading ahead of Friday’s widely watched employment report for June. In commodities, oil hovered at $91 per barrel in a sharp off nearly 6% in today’s session. 

Gas prices continue slow descent, as national average falls to $4.80

The price of gas continues to fall slowly since the national average for regular gasoline crossed $5.00 per gallon last month.

The figure was the largest recorded gas price since the AAA motor group began tracking data in 2000.

As of Tuesday morning, the price of a gallon of regular gas hit $4.80, an 80 cents drop from a week ago.

Gas is still well above its July 2021 price, when a gallon of gas averaged $3.13, according to the AAA.

Bitcoin dips under $20,000

Cryptocurrency prices initially fell Tuesday morning as Bitcoin, Ethereum and Dogecoin were all in negative territory. 

At nearly 5 a.m. ET, Bitcoin was trading at about $19,815 (-2.17%), down approximately $440. For the week, Bitcoin was down nearly 2.4%. For the month, Bitcoin was down approximately 32%. 

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