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Stocks Under Pressure With Bulls on Sidelines and Crude Oil Lower

Stocks were under pressure on Monday, Aug. 21, as bulls waited on the sidelines for reason to move back into the market.

The Dow Jones Industrial Average and the S&P 500 were slightly lower, while the Nasdaq was off 0.23%. Stocks spent much of the morning session flitting between slight losses and gains.

Crude oil prices were lower on Monday in a retreat from last week’s gains. Concerns over Organization of Petroleum Exporting Countries’ compliance with a production cut agreement also weighed on prices. OPEC and non-OPEC members are set to meet in Vienna on Monday to address a global supply imbalance. Compliance with previously agreed upon output restrictions reached its lowest level of 2017 in July.

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