Blue Chips Drop, Oil Reaches $49 a Barrel
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U.S. blue-chip stocks fell on Thursday  and crude oil prices touched $49 a barrel as traders saw a  possible oil loan from U.S. government reserves as too small to  make up for supply disruptions caused by Hurricane Ivan.
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U.S. blue chips closed at two-month  highs on Tuesday as a fall in oil prices eased concerns that  high energy costs would hurt corporate profits, but there was  some caution as investors awaited a speech by Federal Reserve  Chairman Alan Greenspan on Wednesday.
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Crude-oil futures sank for a fourth straight day yesterday, settling beneath $43 a barrel for the first time in nearly three months and capping a 14 percent decline for the week.
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Oil prices edged below $49 a barrel  on Wednesday as traders looked ahead to an expected build in  weekly U.S. inventory data that would help bolster the thin  supply cushion ahead of peak northern winter demand.
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Oil prices fell nearly 1 percent to below $93 a barrel on Tuesday, fading from their latest record high as investors took profits from a rally fuelled by a Mexican supply outage and the spiraling dollar.
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Crude oil prices neared 49 dollars per barrel Friday as Gulf of Mexico crude production rebounded at a slower pace than analysts had expected.
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U.S. stocks ended lower on Thursday as oil prices climbed above &#36;48 a barrel, prompting investor worry about the effect of high fuel costs on corporate profits and consumer demand.
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The blue-chip Dow Jones average fell  on Thursday after drug maker Merck & Co., a member of the Dow,  recalled its widely sold Vioxx painkiller and oil prices  hovered around $50 a barrel.
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U.S. blue chips fell on Thursday after  reports of lackluster November sales at some retailers and a $1  drop in oil prices that sent energy stocks lower.
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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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U.S. blue-chip stocks fell on Thursday  as disappointing earnings from companies including Dow  component Caterpillar and higher oil prices weighed on  investors after two days of solid advances.
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U.S. stocks fell on Tuesday as energy  shares were dragged down by a drop of more than a $1 a barrel  in crude oil prices to a 3-month low.
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The blue-chip Dow Jones average closed below 10,000 for the first time in about six weeks on Monday as a spike in oil prices to nearly &#36;50 a barrel renewed concerns about corporate profits while analysts cutting recommendations hurt tech stocks.
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The latest jump in oil prices to over $55 a barrel pushed stocks down yesterday, with blue chips falling to their lowest levels this year.
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NEW YORK: Oil dropped below $50 a barrel last night to the lowest price in more than a month, extending a $6 slide from recent peaks as the US presidential election got underway.
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The blue-chip Dow closed at its lowest point this year on Friday as oil prices climbed to another record and Microsoft Corp.&#39;s (MSFT.
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U.S. stocks closed lower on Monday as oil prices above $69 a barrel hit energy-dependent sectors and offset gains from corporate takeovers.