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Stocks more than halve losses; oil turnaround boosts energy
U.S. stocks traded mildly lower on Monday, the last day of trade for August, as investors eyed a renewed recovery in oil prices and digested recent news out of China and the Federal Reserve following a turbulent markets week. "Oil has helped us come off the lows," said JJ Kinahan, chief strategist at TD Ameritrade. He also noted some support for investor sentiment from greater consensus in Fed policymaker comments and solid U.S. GDP figures last week. The energy sector turned positive, briefly rising more than 1 percent, to lead S&P 500 gains after earlier losing more than 2 percent. Oil reversed an early decline ... (full story)