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Most S&P industry groups are in the red.
As en exception to the fall, Basic Materials gained in the wake of rising oil prices as U.S. Energy Department reported that the crude oil inventories fell by 5.23M barrels to 349.8M in the week ended Aug. 5, while analysts expected a rise by 1.35M barrels.
Financial sector (-2.2%) and Conglomerates (-2.7) were hit the hardest. Finacial group tumbled as investors worried that problems in the European banking sector could spillover into the U.S. banks.
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