Dow Slips 26 as Oil Prices Fall

By Harry Kimball,  Newser Staff
Posted Jul 29, 2009 3:13 PM CDT
A trader works on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and the tech sector took a hit on Microsoft’s deal with Yahoo. The Dow fell 26 to 9,070.72, the S&P shed 4.49 to end at 975.13, and Nasdaq lost 7.75 to finish at 1,967.76.