Stock markets pressured by rising oil prices, broker downgrades
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TORONTO (CP) - Stock markets were stuck in the red Monday morning as a boost of almost $1 US a barrel in the price of oil over renewed militancy in the Mideast and the possible outcome of an OPEC meeting later in the week pushed buyers to the sidelines.
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U.S. stocks extended their declines on Wednesday, with the S&P tumbling more than 1 percent, as a build-up in oil supplies hurt energy stocks and bond yields touched session highs, weighing on financial shares and other rate-sensitive sectors.
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Rising oil prices and continued weakness in the US dollar pushed stocks lower Monday as investors grew increasingly uneasy about the economy.
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Oil prices reached a new high and sent stocks lower Monday, pushing the Dow Jones industrials back below 10,000. But with trading on Wall Street light and losses only moderate, investors seemed to be coming to terms with near-$50 per barrel crude.
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Stocks are set to open lower on  Wednesday after crude oil pushed to a fresh high overnight and  Google Inc. slashed its initial public offering price, which  appeared to dampen investor sentiment.
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Stocks were trading lower on Wednesday, nudged downward by heavily-weighted energy shares which fell in-line with crude oil futures.
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Brokerage announces weaker-than-expected results dragged lower by a writedown in the value of some of its assets.
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Stocks were set to open lower on  Monday as oil prices rose to their highest in nearly a month,  increasing concern about corporate profits, and consumer  products company Colgate-Palmolive Co. CL.N warned about  earnings.
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U.S. stocks climbed on Wednesday as  oil prices fell almost 5 percent, alleviating worry that high  energy costs will eat into corporate profits and consumers'  wallets.
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US STOCKS were knocked lower yesterday as investors worried that rising prices for oil and commodities would dent corporate profits, while drug shares fell on possible stricter scrutiny from regulators.
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Troubles buffeting the U.S. mortgage  market could get worse as resurgent crude oil prices squeeze  the finances of already hard-pressed borrowers, analysts say,  and that could spell more trouble for Wall Street.
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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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U.S. stock futures weakened on  Wednesday, pointing to a lower market open, as rising oil  prices and a wide-reaching investigation into the insurance  industry soured the mood on Wall Street.
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U.S. stocks were lower on Wednesday as  oil climbed to $44 a barrel, which outweighed strong earnings  reports and a major telecommunications merger.
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Stock index futures pointed to a lower market open Monday, with higher oil prices a hurdle for the Dow and S&P stock gauges to surpass record highs set on Friday.
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Oil supply concerns and broker downgrades of blue-chip companies left stocks mixed yesterday, raising doubts that Wall Street&#39;s year-end rally would continue.
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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.