Energy shares fell with oil prices, dragging on U.S. stocks. Stocks have fallen about 2% since their 2016 highs on April 20, amid swings in oil prices, soft economic data and weak corporate earnings. Some investors said gains were likely to be limited without new signs of earnings strength or improvement in the global economy. Early gains in global stocks faded along with oil prices. While stocks have rebounded from February lows, the S&P 500 is up only 0.8% in 2016.
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