Wall St. slides as oil prices tumble to near seven-year low

U.S. stocks fell on Monday, led by the S&P energy index’s biggest one-day percentage drop since late August as oil prices slid to their lowest point in nearly seven years.

U.S. crude oil futures CLc1 settled down almost 6 percent while Brent crude LCOc1 fell more than 5.3 percent after OPEC’s meeting last week failed to address a growing supply glut.

The S&P energy sector energy index .SPNY closed down 3.7 percent after dropping as much as 5 percent earlier in the session and oil majors Exxon (XOM.N) and Chevron (CVX.N) were the biggest drags on the S&P, with almost 3 percent declines.

The major U.S. indexes pared losses late in the session.

“The fast and frenetic selling of the morning finally got exhausted and it seems like everything got too stretched to the downside,” said Stephen Massocca, chief investment officer at Wedbush Equity Management LLC in San Francisco.

http://www.reuters.com/article/us-markets-stocks-idUSKBN0TQ1D820151207/#l0hTmwLdPHGj9rze.97

U.S. private sector adds 217,000 jobs in November: ADP

U.S. private employers added 217,000 jobs in November, above expectations and the most since June, signaling job growth is likely strong enough to support the first Federal Reserve interest rate hike in nearly a decade when policymakers meet later this month, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 190,000 jobs.

Private payroll gains in October were revised up to 196,000from an originally reported 182,000 increase.

The report is jointly developed with Moody’s Analytics. The ADP figures come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists polled by Reuters are projecting the Labor Department’s report to show U.S. employers hired 200,000 workers in November. The unemployment rate is forecast to hold at 5.0 percent. ECONUS

http://www.reuters.com/article/2015/12/02/us-usa-economy-employment-adp-idUSKBN0TL1FM20151202#AZkqclhlPMqKq5ia.97

Céline Dion Returns to the Stage in Las Vegas – After Year-Long Hiatus to Care for Her Husband

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http://www.people.com/article/celine-dion-las-vegas-residency-return