Markets Fall for a Second Day as the Dollar Improves |
| New York Times - Nov 9, 2010 |
Stocks were mostly lower on Tuesday for a second straight session as the dollar strengthened and oil prices declined in late trading, eroding earlier gains in the energy sector.
The Dow Jones industrial average fell 60.09 points, or 0.53 percent, to 11,346.75. The Standard & Poor’s 500-stock index declined 9.85 points, or 0.8 percent, to 1,213.40. The Nasdaq composite index slid 17.07 points, or 0.66 percent, to 2,562.98.
With oil prices rising and a new deal announced by Chevron that it would acquire Atlas Energy, the energy sector in the broader market was the best performing on the Standard & Poor’s 500-stock index for much of the day, but then it fell by about 0.3 percent as the dollar strengthened and oil prices declined by about 2 percent, said Brian M. Youngberg, an energy analyst with Edward Jones.
Read Full Article from New York Times
- Posted: 2010-11-09 20:14:55
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