Dow Drops Below 10,000, Oil Hits New High
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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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The Dow Jones industrial average is down four points at ten-thousand-94. Decliners on the New York Stock Exchange hold a narrow lead over advancers.
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U.S. shares were expected to open lower  on Wednesday after crude oil pushed to a fresh high overnight,  while Web search engine Google Inc. dented sentiment as it  slashed the price range on its initial public offering.
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The Dow Jones industrial average dived to its lowest level of the year last week as investors cautiously eyed oil prices and political polls and determined that neither was flashing a &quot;buy&quot; signal for stocks.
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NEW YORK (CBS.MW) -- US stocks ended lower Friday as September&#39;s weaker-than-expected employment report closed out a week of disappointing economic data, with a new a record high for oil and a lackluster start to the third quarter earning season prompting
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U.S. stock futures pointed to a lower  market open on Monday, as oil prices hit another record,  fueling worries that soaring energy costs will bite into  corporate profits.
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NEW YORK - Oil prices reached a new high and sent stocks lower Monday, but with trading on Wall Street light and losses only moderate, investors seemed to be coming to terms with near-$50 per barrel crude.    After setting a new all-time record settlement price of $48.88 on Friday, oil continued its march higher on Monday, renewing fears on Wall Street that the slowdown in profits and the economic recovery would extend through the end of the year due to high energy costs...
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The blue-chip Dow Jones average closed below 10,000 for the first time in six weeks on Monday as a spike in oil prices to nearly USD50 a barrel renewed concerns about corporate profits.
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U.S. stocks looked set to open lower  on Monday as oil prices approach record levels, fueling  concerns that high energy costs are biting into corporate  profits and consumer spending.
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Oil prices fell below $87 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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Stocks fell on Monday, with the Dow  slipping briefly below 10,000 as a further rise in oil prices  clouded the corporate profit outlook, and a brokerage downgrade  hurt semiconductor shares.
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U.S. stocks were poised to open lower  on Monday as oil prices hit a record high, fuelingconcerns that  energy costs will squeeze economic growth.
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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 $50 a barrel renewed concerns about corporate profits while analysts cutting recommendations hurt
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European stock markets stumbled in early trading, tracking Wall Street lower as the price of oil reached a new high point in New York approaching 50 dollars.
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones industrial average dropped 138 points...
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U.S. stocks fell on the first trading day of the year on Wednesday, with the Dow slumping about 2 percent to dip below the 13,000 level, after U.S. manufacturing data showed signs of contraction and oil hit $100 a barrel, raising the possibility of a recession in 2008.
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NEW YORK - U.S. stocks are seen sharply lower at the open Tuesday as oil's latest move into fresh record territory begins to bite...