Oil rally sends stocks sharply lower
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Soaring oil prices trumped positive earnings news Wednesday, sending stocks skidding as investors rushed to take profits on new fears that the market is in the midst of a commodities bubble.
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US stocks were slightly lower on Thursday, reversing some of Wednesday&#39;s sharp rally, as another slide in oil prices knocked shares of energy-related companies.
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U.S. stocks finished sharply lower on Wednesday, the first trading day of 2008, after data showed a surprise contraction in manufacturing and oil surged to $100 a barrel, heightening concerns about the economy's outlook.
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U.S. stocks fell sharply on Friday as  investors were jolted by a $2 jump in oil prices and a warning  from Federal Reserve Chairman Alan Greenspan that the dollar  had further to fall.
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NEW YORK - Stocks tumbled Wednesday as investors saw a surge in oil prices and disappointing earnings from Morgan Stanley as a reason to collect profits from gains of the last month. The Dow Jones industrial average dropped 135 points, and all three major indexes saw their biggest losses since early August...
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to $100 a barrel two days in a row -- a level that has raised a red flag over global economic growth.
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NEW YORK - Wall Street shares took a beating yesterday as a fresh surge in oil prices dented sentiment among investors already fretting about the coming corporate earnings season.
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Oil prices fell on Thursday as forecasts  of mild U.S. weather prompted traders to take profits from a  rally that has added over 30 percent to the cost of crude this  year.
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US stocks fell sharply as record oil prices and disappointing sales forecasts from Microsoft Corp. spurred losses in technology shares.
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US stock futures were sharply lower on Tuesday, pointing to a weak market open as crude oil prices held above $54 a barrel, amid an early burst of third-quarter earnings reports.
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A stock rally triggered by tumbling  oil prices rolled through Asian share markets on Thursday as  investors prepared for a rush of corporate earnings.
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US stocks fell on Thursday, hit by a sharp drop in technology shares following a slew of sales warnings from semiconductor makers, and as oil prices rose nearly $1 a barrel.
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U.S. stocks fell on Monday as a drop  in oil company shares on sharply lower crude prices  overshadowed reports of strong holiday sales from some  retailers.
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NEW YORK - Nervous investors, wondering when surging oil prices will start to fall, pushed stocks lower Monday as a barrel of crude topped $55 per barrel, yet another record.    Wall Street's mood also fell as 3M Co...
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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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Oil prices pulled further back from the brink of $100 a barrel on Thursday after fresh signs of weak U.S. oil demand and a Wall Street slump fuelled profit-taking from a near 40 percent rally in under three months.
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Oil prices fell from near record peaks  on Wednesday after a sharp build in U.S. crude stocks spurred  traders to take profits.