Bears took the day as Wall Street ended lower on Wednesday. The Dow Jones industrial average lost 245 points, and ended with 8,769 points. The Nasdaq composite index was also down, falling 53 points and finishing at 1,599 points. While the S&P 500 index was closed Wednesday at 906 points after falling 28 points. The three major U.S. indexes each lost approximately 3% for the day. The Russell 2000 index was down 17 points, and finished at 497 points. Oil prices were down significantly as were the equity markets, after slowly rising for the past week. The price for a barrel of oil was down $5.95, and settled at $42.63. Gasoline and heating oil futures were both down on the NYMEX. Gasoline was down to $1.08 a gallon, while heating oil finished at $1.54 a gallon. Natural gas prices were lower by $0.11 and closed the day at[More...]
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The market finally pulled back today, prompted by INTC’s earnings warning and a huge drop in oil prices. INTC fell more than 6%! GOOG led the techs down, point-wise, dropping more than $12. This morning, MON reported good earnings and raised its outlook. Its shares jumped [...]
US stocks fell sharply on Wednesday after a worse than expected employment report rattled investors ahead of Friday's key jobs data. Deteriorating corporate outlook also dampened the sentiment.[More...]
Companies featured in this segment: Monsanto Company (NYSE:MON), Repsol YPF S.A. (NYSE:REP), General Electric Company (NYSE:GE), Vedanta Resources plc (LON:VED), Sesa Goa Limited (BOM:500295), Larsen & Toubro Limited (BOM:500510), Petroleo Brasileiro SA (NYSE:PBR), General Electric (NYSE:GE), Rockwell Automation Incorporated (NYSE:ROK), National Thermal Power Corporation (BOM:532555), Kyushu Electric Power Company (TYO:9508), Eastman Chemical Company (NYSE:EMN), Fluor Corporation (NYSE:FLR), Air Products and Chemicals Incorporated (NYSE:APD), Shell (NYSE:RDS.A), Sasol (NYSE:SSL), Petro-Canada (NYSE:PCZ), UTS Energy Corporation (TSX:UTS), Teck Cominco Limited (NYSE:TCK)
Companies featured in this segment: Chevron Corporation (NYSE:CVX), Monsanto Company (NYSE: MON), China National Petroleum and Chemical Corporation (NYSE: SNP)