Dow Falls 69

S&P 500 also falls Nasdaq rises
By Newser Editors and Wire Services
Posted Mar 8, 2017 3:11 PM CST
Dow Falls 69
Traders work on the floor of the New York Stock Exchange, Tuesday, March 7, 2017.   (AP Photo/Richard Drew)

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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.