Drugs, Oil Drag Stocks Lower
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Stocks were knocked lower on Thursday  as investors worried that rising prices for oil and commodities  would shrink corporate profits, while drug shares fell on  possible stricter scrutiny from regulators.
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US stocks cut some losses late Friday afternoon as investors did some bargain hunting for drug stocks, which were beaten down to relatively cheap prices after a slew of negative reports earlier in the day.
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Stocks moved lower on Thursday as a  brokerage downgrade on the oil sector, including Exxon Mobil  Corp. XOM.N, weighed on the market.
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LONDON: European stock markets retreated yesterday as Wall Street slumped on Merck drug woes, oil prices climbed back toward the $50 mark and a bomb threat forced the landing of a British Airways plane.
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Drug stocks continued to slide on the week toward new 52-week lows as a few bright spots were eclipsed by losses in large-cap stocks.
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Stocks sank on Thursday as crude oil  climbed to a record $53 a barrel and major drug makers' shares  slid on the possibility they will face more stringent scrutiny  from regulators.
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U.S. stocks cut some losses late  Friday afternoon as investors did some bargain hunting for drug  stocks, which were beaten down to relatively cheap prices after  a slew of negative reports earlier in the day.
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US stocks fell on Tuesday as a drop in oil prices pulled down shares of energy companies and health-care giant Johnson &amp; Johnson (JNJ.
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U.S. blue chips lost early gains and  slipped lower on Wednesday as oil prices rose and terrorism  fears sparked by a chemical scare in Washington crept into the  marketplace.
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NEW YORK Stocks were mostly lower Thursday on Wall Street, after data showing a slowdown in economic growth and a rise in oil prices renewed fears of disappointing third-quarter earnings.
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U.S. stocks inched lower on Monday in  a quiet day on Wall Street as a sharp drop in oil prices  knocked down shares of energy-related companies such as Exxon  Mobil Corp.XOM.N.
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U.S. blue-chip stocks fell on Monday  as oil prices nudged higher and as drug maker Pfizer Inc.  PFE.N and aluminum producer Alcoa Inc. AA.N were hit by  broker downgrades.
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U.S. stocks slipped  on Monday after a  brokerage downgrade weighed on drug makers and oil prices rose  amid speculation of an OPEC production cut and after a foiled  attack on a U.S. consulate in Saudi Arabia.
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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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Stocks slipped on Tuesday as a sharp  drop in oil prices hurt energy shares and health-care company  Johnson & Johnson JNJ.N fell following a report of a possible  $24 billion takeover of Guidant Corp. GDT.N.
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Surging oil prices and a weak dollar prompted a spate of profit-taking today, pushing stocks slightly lower in light holiday-week trading.
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NEW YORK - A slowdown in economic growth and oil prices' advance to near record highs renewed Wall Street's fears of disappointing third-quarter earnings Thursday and pushed stocks mostly lower. Only the Nasdaq composite index managed a minimal gain...