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Movers: Best Buy Surges, OPEC Extends Production Cuts

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We’ re following major developments in the markets throughout the day. Check here for the latest updates.
We’ re following major developments in the markets throughout the day. Check below for the latest updates.
In a rare bit of good news for the beleaguered retail industry, electronics retailer Best Buy beat analyst expectations with its latest quarterly earnings. The result: a jump of nearly 20 percent for the shares.
• The Organization of the Petroleum Exporting Countries extended production cuts through March 2018. But markets were not impressed: Oil prices fell nearly 1.5 percent.
• Don’ t forget to read the DealBook Morning Agenda .

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