Stocks drop as wholesale prices surge
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A huge jump in wholesale prices sent stocks falling yesterday as investors worried that rising oil prices were taking a toll on the overall economy.
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Stocks dropped on Friday, with the Dow and S&P down 1 percent, as investors locked in profits after two days of sharp gains, with financial and defensive sectors among those leading declines.
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NEW YORK - Rising oil prices and a disappointing wholesale inventories report offset a sharp drop in initial unemployment claims on Thursday, keeping stocks mixed. Technology shares benefited from a pair of outlook upgrades...
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NEW YORK An unexpected jump in unemployment claims and rising oil prices have stocks losing ground. Also, tech stocks are tumbling on poor sales forecasts from a pair of semiconductor makers.
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U.S. stocks opened lower on Wednesday  with oil prices rebounding on fresh supply disruptions and  investors cautious before Friday's jobs figures amid concerns  of possible attacks and disruptions to the Republican party's  convention in New York.
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Stocks fell on Friday as investors   worried that the economy will slow more sharply than expected,   prompting them to sell shares of big industrial companies such   as heavy equipment maker Caterpillar Inc. CAT.N.
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WASHINGTON -- Wholesale prices fell in August by the largest amount in 10 months, reflecting a plunge in the price of gasoline and other energy products and the fourth straight month of falling food costs.
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A sharp decline in oil prices and a surprise drop in wholesale prices pushed stocks higher Friday as investors&#39; concerns about third quarter earnings were mitigated.
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NEW YORK -- Wall Street suffered a sharp pullback Monday as investors returned from the Thanksgiving weekend with questions about the strength of the retail sector following a rare sales decline at Wal-Mart Stores Inc. The Dow Jones industrials fell 125 points.
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NEW YORK - Stocks were mixed Thursday as investor enthusiasm over a sharp drop in initial unemployment claims was offset by rising oil prices and a disappointing wholesale inventories report. Technology shares benefited from a pair of outlook upgrades and strong earnings from National Semiconductor Corp...
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NEW YORK - U.S. stocks fell sharply Thursday morning after a surge in U.S. jobless claims and mounting concern about the struggling bond insurance industry.
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U.S. stocks fell on Monday as a drop  in oil company shares on sharply lower crude prices  overshadowed reports of strong holiday sales from some  retailers.
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Easing fears about inflation, wholesale prices fell by the largest amount in 20 months in December, aided by a big decline in the cost of energy.
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NEW YORK Concerned about third-quarter earnings offset a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue chips dropped on profit warnings from Alcoa, a Dow component, and Visteon, while technology shares rose on takeover expectations.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products.
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Prices on these highly rated stocks have plunged in the past month.
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Stocks took a dive in morning trading today after the release of fresh housing data and a report showing turmoil in the financial markets had sharply reduced consumer confidence in August.