Dow Falls 69

S&P 500 also falls Nasdaq rises
By Newser Editors and Wire Services
Posted Mar 8, 2017 3:11 PM CST
Traders work on the floor of the New York Stock Exchange, Tuesday, March 7, 2017.   (AP Photo/Richard Drew)

(Newser) – Energy companies pulled stocks mostly lower on Wall Street as the price of oil slumped, the AP reports. US benchmark crude dropped 5% Wednesday to its lowest price since November after the government reported a big buildup in fuel stockpiles. Oil companies posted the biggest declines in the market. Marathon Oil dropped 8.7% and Murphy Oil dropped 6.7%. Bond prices fell, pushing yields higher, after a survey showed that private employers added the most jobs in three years in February. The Standard & Poor's 500 index fell 5 points, or 0.2%, to 2,362. The Dow Jones industrial average fell 69 points, or 0.3%, to 20,855. The Nasdaq composite rose 3 points, or 0.1%, to 5,837. (Read more Dow Jones stories.)

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