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June 8, 2018

Energy rises; tech drops

NEW YORK (AP) — U.S. stocks closed mixed Thursday as technology companies took their worst loss in six weeks, but energy companies rose with oil prices. A four-day winning streak for the S&P 500 index ended.

Energy companies rallied as the price of U.S. crude oil rose almost 2 percent. Smaller companies fell. Like technology companies, they've done far better than the rest of the market in the last few weeks. Some stocks that have struggled lately, including utilities, finished with gains.

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