Oil Prices and Drug Safety Comments Send Shares Lower
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Investors sent stocks markedly lower yesterday as oil prices reached $53 a barrel during the trading session and new questions were raised about the safety of arthritis drugs, putting pressure on pharmaceutical shares.
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U.S. stocks closed lower on Friday  amid heavy trading volume, as a slew of negative reports from  top drug makers and a more than $2 a barrel increase in oil  prices weighed on the market.
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Stocks were trading mixed today following a lower reading on manufacturing activity and a spike in oil prices
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U.S. stocks wobbled lower on Wednesday  as reports that several people had been sickened in an office  in Washington raised terrorism fears, upsetting the market, and  oil prices jumped.
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Stocks sank on Thursday as crude oil  climbed to a record $53 a barrel and major drug makers' shares  slid on the possibility they will face more stringent scrutiny  from regulators.
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As crude oil prices move toward $50 a barrel, many stocks tied to oil are lower in Monday trading. Airline stocks included in the downward trend also were hurt by JP Morgan&#39;s downgrade of JetBlue Airways Monday morning.
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The major stock indexes ended 1  percent lower on Thursday after crude oil rose to a record $53  a barrel and drug makers like Pfizer Inc. PFE.N and Merck &  Co. MRK.N sank on worry that the government may intensify  scrutiny of that sector.
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U.S. blue chips lost early gains and  slipped lower on Wednesday as oil prices rose and terrorism  fears sparked by a chemical scare in Washington crept into the  marketplace.
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Stocks dropped in very heavy trading Friday as fresh concerns about pharmaceuticals, coming after Pfizer Inc. announced a troublesome health study of its Celebrex drug, overshadowed news of subdued growth in consumer prices and inflation.
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A disappointing sales forecast from Wal-Mart sent stocks mostly lower yesterday as investors worried that oil prices, which stabilized after last week&#39;s highs, would curb
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US stocks ended lower Monday as a sharp drop in oil prices knocked down shares of energy companies such as Exxon Mobil Corp., while the dollar plumbed fresh lows against the euro.
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Stocks fell on Monday as investors  worried about higher oil prices and warnings of lower company  earnings and delayed decisions before Tuesday's meeting of the  Federal Reserve on interest rates.
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Stocks weakened early Wednesday afternoon, as investors took in fluctuating oil prices, some weak corporate news, and mostly upbeat testimony from Federal Reserve Chairman Alan Greenspan.
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Pfizer&#39;s surprise announcement of possible health risks connected with its Celebrex drug pushed stocks lower in heavy trading Friday, renewing investors&#39; concerns over the pharmaceutical sector.
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NEW YORK - Higher oil prices and lowered outlooks from companies including Colgate-Palmolive Co., Unilever PLC and the New York Times Co. sent stocks sliding Monday, although many investors stuck to the sidelines ahead of a key meeting of the Federal Reserve...
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US stocks ended lower on Monday in a quiet trading day as a sharp drop in the price of oil knocked down shares of energy-related companies such as Exxon Mobil Corp.
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Shares drop as U.S. regulators say they want more info before approving caner medication Bonefos.