«
»

Stocks end mostly lower even as oil prices retreat (AP)

Signs are pictured at the New York Stock Exchange, July 15, 2008. Wall Street rose off earlier losses in volatile trade on Tuesday as a big drop in the price of oil relieved some concerns about the impact of higher fuel costs on consumer spending and corporate profits and as investors snapped up beaten-down shares such as banks. REUTERS/Brendan McDermid (UNITED STATES)AP - Wall Street ended a whipsaw day mostly lower, as fears of escalating instability in the financial sector kept investors on edge despite a steep retreat in oil. The Dow Jones industrials on Tuesday had their first close below 11,000 since July 2006.


This entry was posted on Tuesday, July 15th, 2008 at 9:46 pm and is filed under Market News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Website Reference - Business Collective - Publication Sharing - Business Log - Sitemap