Indexes end down as oil's drop hits energy shares
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Stocks closed lower on Monday, pressured by a sell-off in energy shares after oil prices dropped and as investors were cautious before comments later this week from Federal Reserve Chairman Ben Bernanke.
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U.S. stocks fell on Tuesday, with crude oil extending a decline and weighing on energy stocks, while a chip maker's earnings warning hurt the tech sector.
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Oil dropped more than a dollar towards $89 a barrel on Monday as falling global stock markets spurred profit taking.
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London shares closed lower, depressed by a weak morning by Wall Street as concerns over high oil prices and a weaker dollar continued to weigh on sentiment on both sides of the Atlantic, dealers said.
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European equities were lower on Thursday as gains in the energy sector were offset by losses for financial services stocks.
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Stocks trimmed gains on Tuesday, with the Dow industrials turning negative as energy companies' shares dropped with the price of oil and benchmark Treasury bond yields rose.
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The Toronto stock market headed lower this morning after the long Labour Day weekend, held back by lagging gold and energy stocks as the price of oil dropped by almost $1 (US) a barrel.
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Oil fell below $88 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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Leading shares ended lower as a weak early session on Wall Street added to sharp falls in heavyweight miners and oil stocks on the back of volatile energy prices.
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European equity markets fell on Tuesday with the downward slide led by oil and  gas stocks.
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Oil prices fell Thursday after moving close to US$49 a barrel as markets digested news of a rise in crude inventories but lower-than-expected US heating oil stocks.
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US stocks slipped on Monday in a quiet day on Wall Street as the price of oil dropped below $42 a barrel and knocked down shares of energy-related companies such as Exxon Mobil Corp.
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Oil and metals prices fell on Monday,  extending recent losses and weighing on the shares of energy  firms and currencies of commodity exporters such as Australia  and South Africa.
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Most European stock markets followed Wall Street lower Wednesday as crude oil's slide to three-month lows hit heavily weighted oil shares, although a recovering dollar was a plus for the region's exporters.
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UK blue-chips closed lower, with mining and oil stocks weighing on the FTSE 100, while losses on Wall Street added to investors concerns.
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NEW YORK  -Stocks ended lower on Wednesday as energy shares declined along with oil prices and Intel Corp  posted earnings and a profit outlook that disappointed investors.
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Blue chips closed lower after Wall Street fell back in reaction to stronger crude prices.