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Stocks Down as Oil, Gas Prices Plunge

Energy sector takes another blow

(Newser) - Stocks are closing mostly lower after another steep drop in oil and natural gas prices pulled energy companies down. Prices for crude oil and natural gas each slumped about 6% Monday, the latest blow to the beleaguered energy sector. Oil and gas companies took heavy losses. Devon Energy sank 7%... More »

Stocks Slip, Oil Skids 6%

Chevron, Exxon each sink 3%

(Newser) - US stocks are closing lower as the beleaguered energy sector took another blow from falling oil prices, the AP reports. Chevron and Exxon Mobil each fell 3% Monday, among the biggest losses in the Dow Jones industrial average. The price of crude oil dropped nearly 6% to $30 a barrel... More »

Crude Plunges, But Dow's Up 52

Oil ends at just over $31 a barrel

(Newser) - US stocks struggled to end mostly higher, but oil and gas companies were hit by another plunge in the price of crude. Chevron lost 2% and Exxon Mobil fell 1% Monday. Benchmark US oil sank another 5% and ended just above $31 a barrel, its lowest close since December 2003.... More »

Dow Claws Back, But It's Still Bad

Dow Jones ends with worst loss in 2 weeks

(Newser) - It was a gloomy start to the new year on Wall Street as stocks sank as part of a global sell-off . Investors worried about new signs of a slowdown in China and a flare-up in tensions between Saudi Arabia and Iran. That sent the price of oil on another wild... More »

Dow Falls 23 Amid Energy, Mining Decline

Chevron falls 1.8%

(Newser) - Stocks are closing lower, led by declines in energy and mining companies as prices for oil and other commodities fall. Chevron fell 1.8% Monday, the most in the Dow Jones industrial average. Mining company Freeport-McMoRan sank 10% after announcing that its co-founder was leaving. The Dow average lost 23... More »

Dow Spikes 122, Oil Drops Again

Tenet Healthcare is today's big winner, rising by 11%

(Newser) - US stocks posted moderate gains, recovering a small portion of the big losses recorded late last week. Energy stocks continued to fall as the price of oil fell. Hospital operator Tenet Healthcare rose 11% after it renewed a contract with health insurer Aetna. Crude fell another 1%, nearing levels not... More »

FBI Busts Pharma Bad Boy on Fraud Charges

Martin Shkreli accused of using company stock to pay other debts

(Newser) - Martin Shkreli may have to dump some of his recent musical acquisitions to pay his own legal fees: The 32-year-old pharmaceutical pariah who unapologetically jacked the price of a life-saving drug was arrested by the FBI Thursday on charges of federal securities fraud, Reuters reports. Shkreli is accused of pilfering... More »

Dow Continues Run, Jumps 156

Builds on late gains Monday, rising energy stocks

(Newser) - Stocks posted their biggest gains in more than a week Tuesday, led by rising energy companies and banks. The market was higher all day, building on a late gain the day before. Energy stocks rose as the price of crude oil jumped 3%, and banks moved higher a day ahead... More »

In Late Burst, Dow Gains 103

Oil stocks finally shake off the doldrums, push higher

(Newser) - A late burst of buying left US stock indexes higher at the closing bell after a day of wavering between small gains and losses. Oil stocks did well Monday after the price of crude shook off a long string of losses and turned higher. Chevron rose 3% and Exxon Mobil... More »

Crude Oil, Stock Market Take a Plunge

Dow loses 309 points, Nasdaq drops 111

(Newser) - Another sharp drop in the price of oil prompted investors to dump stocks again, leaving the US market with its worst weekly loss since the summer. Oil and gas companies led stocks lower Friday, capping an ugly week. Southwestern Energy plunged 14% and Chesapeake Energy sank 9%. Investors sought refuge... More »

Crude Oil Plunges, Dow Falls 117

Plunging crude closes at less than $38 a barrel

(Newser) - Energy companies are closing sharply lower, leading a broad decline on the stock market, after the price of oil dropped to its lowest point in nearly seven years. US crude plunged almost 6% to close below $38 a barrel Monday. That's the lowest level since February 2009, at the... More »

Dow Dips 78 on Holiday Gloom

Stocks decline amid weak spending

(Newser) - Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy's and Kohl's each fell 2% Monday, while Target fell 1%, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene... More »

Dow Dips 31 as Rally Ends

GameStop sinks 4%

(Newser) - An early gain for US stocks faded away in the afternoon, leaving indexes slightly lower. The slight losses Monday came after the market closed out its best week of the year. Video game retailer GameStop sank 4% after reporting earnings and revenue that fell short of analysts' forecasts. Pfizer and... More »

Dow Surges 238 on Energy Gains

Oil rises 3% to $41 a barrel

(Newser) - The stock market is closing solidly higher, led by gains in energy companies as the price of oil turned higher after a recent slump. The Dow Jones industrial average gained 238 points, or 1.4%, to 17,482 Monday. The Standard & Poor's 500 index increased 30 points, or... More »

Dow Tumbles 180 Amid Global Fears

Traders also wonder whether rate hike is coming

(Newser) - The stock market had its biggest fall in two weeks as investors worried that the global economy could be slowing. Traders were also worrying Monday that last week's strong jobs report opened the way for the first rate hike from the Federal Reserve in nearly a decade. Priceline plunged... More »

Twitter CEO Floors Workers by Parting With $200M in Stock

Jack Dorsey pumps up employees: 'I'm confident we can make Twitter big!'

(Newser) - Twitter employees have had a chaotic go of it over the past few weeks: first the shakeup of co-founder Jack Dorsey coming on board permanently as CEO , then an unpleasant round of layoffs that purged 8% of the company's staff. Brighter news, however, has since come down their feeds,... More »

Stocks Edge Up as Oil Slumps

Columbus Day is subdued after a wild week

(Newser) - Stocks are closing higher as traders look ahead to a busy week for corporate earnings. The subdued trading Monday followed the best week for the market this year. Eli Lilly plunged 8% after saying it would abandon the development of a heart disease drug. EMC rose after Dell said it... More »

Dow Surges by 304

Industrial and energy stocks lead the charge

(Newser) - US stocks are closing sharply higher, led by big gains in industrial and energy stocks. The rally Monday gave the Standard & Poor's 500 its fifth daily gain in a row. General Electric led the industrial sector higher, gaining 5%, after activist investor Nelson Peltz bought a stake in... More »

US Stocks Take a Bad Fall

Worries about China's economy keep growing

(Newser) - The stock market had its worst drop in nearly a month as investors worried about more signs of weakness in China's economy. The Dow Jones industrial average dropped 312 points, or 1.9%, to 16,001 Monday. The Standard & Poor's 500 index sank 49 points, or 2.... More »

Dow Jumps 125 in Rebound

But drugmakers slump on concerns of regulations

(Newser) - US stocks are closing higher as investors try to look beyond the uncertain timing of a possible interest rate increase by the Federal Reserve. The Dow Jones industrial average closed up 125 points, or 0.8%, to 16,510 today. The Standard & Poor's 500 index rose eight points,... More »

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