Oil glut concerns weigh down stocks

Concerns about an oil glut sent the markets down to a lower close with the Dow slipping 23 points to 17,528. Nasdaq lost 7 points to 5,040.

On the upside

Abraxas Petroleum (Nasdaq: AXAS) stock rose again.

Shares of Viking Therapeutics (Nasdaq: VKTX) nearly doubled on no news.

Advanced Micro Devices (Nasdaq: AMD) priced the equity awards granted to certain officers at $2.4267.

On the downside

Shares of Barrick Gold (NYSE: ABX) slipped on lower gold prices.

Retreating crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK) and Marathon Oil (NYSE: MRO).

Investors locked in profits on Patriot National (NYSE: PN).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped 4 points to 2,056. Bitcoin lost $4 to $419.

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