Stocks Fall Along With Price of Oil

Dow ends day down 122
By Newser Editors and Wire Services
Posted May 2, 2019 3:16 PM CDT
In this March 18, 2019, file photo trader Craig Esposito, left, works with specialists Peter Mazza, center, and Vera Liu on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing broadly lower Thursday after energy shares sank with the price of oil and some big technology and media names also tallied losses, the AP reports. The price of oil fell 2.8% to $61.81. Marathon Oil dropped 6.1%; the company reported revenue that fell short of estimates. Among media companies, Fox Corp. and Discovery Inc. each fell more than 5%. Fluor was the biggest loser in the S&P 500. The engineering and construction company plunged 24% after reporting a huge quarterly loss. The S&P 500 fell 6 points, or 0.2%, to 2,917. The Dow Jones Industrial Average lost 122 points, or 0.5%, to 26,307. The Nasdaq fell 12 points, or 0.2%, to 8,036. (Read more stock market stories.)

My Take on This Story
Show results  |