Dow Climbs 44; Oil Prices Fall

Investors await the arrival of 2nd-quarter earnings
By Nick McMaster,  Newser Staff
Posted Jul 6, 2009 3:13 PM CDT
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – Continued declines in oil and other commodities depressed equities today, but broad advances in health-care stocks offset them, the Wall Street Journal reports. Oil fell $1.58 to $64.08 a barrel and has dropped 8.4% since July 1. Many traders are holding off on big bets until the second-quarter earnings season, which begins Wednesday with Alcoa's results. The Dow closed up 44.13 points at 8,324.87. The Nasdaq lost 9.12, closing at 1,787.40, while the S&P 500 gained 2.30 to settle at 898.72.