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US stocks drift near their records in mixed trading after oil prices fall
By AP via Scripps News Group at NewsChannel 5 WTVF (CBS affiliate)
· June 22, 2026
· 1 min read
U.S. stocks are drifting near their records Monday after trading resumed following a three-day weekend for Wall Street.The S&P 500 slipped 0.3%, coming off its 11th winning week in the last 12, and pulled 1.7% below its all-time high set early this month. The Dow Jones Industrial Average was up 1...
Key takeaway The Dow Jones Industrial Average was up 1...
Why this matters in The Nashville
Nashville 's economy, heavily reliant on the transportation industry, may see a positive impact from the recent drop in oil prices. With US gas prices falling below $4 for the first time since March, local businesses that depend on fuel, such as trucking companies and logistics providers, could experience a reduction in operating costs. This, in turn, may lead to increased competitiveness and potentially even job growth in the sector. Additionally, lower oil prices could also benefit Nashville's thriving music and tourism industries, as lower fuel costs may encourage more people to travel to the city, boosting local revenue. However, the potential interest rate hikes by the Federal Reserve, aimed at curbing inflation, may have a counterbalancing effect on the local economy, making it essential for Nashville businesses to closely monitor these developments and adjust their strategies accordingly.
About this story
Original reporting by NewsChannel 5 WTVF (CBS affiliate) . The Nashville surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NewsChannel 5 WTVF (CBS affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 22, 2026 ·
Source: NewsChannel 5 WTVF (CBS affiliate) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? U.S. stocks are drifting near their records Monday after trading resumed following a three-day weekend for Wall Street.The S&P 500 slipped 0.3%, coming off its 11th winning week in the last 12, and pulled 1.7% below its all-time high set early this month. The Dow Jones Industrial Average was up 1...
When was this published? This article was first published on June 22, 2026 by NewsChannel 5 WTVF (CBS affiliate) and curated for The Nashville readers.
Who reported this story? This story was reported by AP via Scripps News Group at NewsChannel 5 WTVF (CBS affiliate). To learn more about how The Nashville selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Nashville, or browse our daily briefing and topic hubs .
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