Oil's slide to lowest price of the year pulls stocks lower
4 monthes ago - By Boston Herald
NEW YORK - U.S. stock indexes retreated from their record heights Tuesday after a slump in the price of oil weighed on energy companies. The Standard & Poor's 500 index fell 16.43 points, or 0.7 percent, to 2,437.03, and the Dow Jones industrial average lost 61.85 points, or 0.3 percent, to 21,467.14. Both the S&P 500 and Dow set records on Monday thanks to big gains from technology stocks. The Nasdaq composite lost 50.98 points, or 0.8 percent, to 6,188.03, and the Russell 2000 index of small-cap stocks fell 15.11, or 1.1 percent, to 1,402.97.
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Slumping Oil Prices Rein in Stock Indexes
4 monthes ago - By NY Times
The price of oil slumped to its lowest level of the year on Tuesday and helped to restrain U.S. stock indexes, which set records a day earlier.
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