Stocks End Mostly Lower on Vioxx Troubles
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NEW YORK - Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market...
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Stocks fell on Friday, led by pharmaceutical shares after a US health official raised concerns about drug safety and a drop in chip-equipment makers following a ratings downgrade by Goldman Sachs.
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NEW YORK (CBS.MW) -- Merck (MRK) shares dipped almost 2 percent to $45.16, making it the biggest decliner in the Dow. The selling is related to just surfacing concerns about the safety of its Vioxx arthritis COX-2 inhibitor drug.
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Stock prices are mostly lower, but not showing much change from yesterday&#39;s closing levels. The Dow Jones Industrial Average is down 11 points in today&#39;s early going.
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NEW YORK US stocks ended slightly lower Monday, despite receding oil prices, as a raft of disappointing earnings reports and jitters over the close presidential election tempered investors&#39; optimism, traders said.
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The Dow Jones Industrial Average dropped after Merck &amp; Co. withdrew the Vioxx painkiller and retracted its third-quarter profit forecast.
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Stocks inched lower on Friday,  pressured by a sharp drop in Pfizer Inc. PFE.N after the drug  maker said patients in a study showed an increased risk of  heart attacks after taking its popular Celebrex drug.
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US stocks closed lower last night as investors grappled with a number of conflicting economic reports. The Dow Jones Industrial Average ended its session down 47.88 points, at 10,428.02.
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Shares of Merck & Co. MRK.N fell  about 3 percent before the bell on Tuesday after the drug maker  said federal authorities are investigating circumstances  surrounding its withdrawal of pain-relief medicine Vioxx.
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The U.S. Dow Jones Industrial average  declined on Thursday after drug maker Merck & Co.MRK.N  recalled its widely sold Vioxx painkiller and its stock sunk 27  percent.
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Wall Street stocks ended mostly lower Wednesday as investors adopted a wait-and-see approach on the economy, despite Federal Reserve Chairman Alan Greenspan&#39;s bullish assessment on the economy.
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Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck &amp; Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market.
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NEW YORK - US stocks closed slightly lower yesterday with the Dow industrials hovering around this year&#39;s lows amid uncertainty over the deadlocked US presidential election and a flurry of disappointing earnings reports.
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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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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 ended the week on a subdued note on Friday when economic data combined with heightened credit concerns sent leading indices lower.
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U.S. stocks edged lower on Thursday,   after the Dow briefly touched its record closing high on   renewed worries that a rebound in crude prices may hurt   corporate profits.,