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Closing Bell: Oil surge drowns equities

Maybe it was tightening bank standards, maybe it was strong business orders for the services sector. Or, maybe it was a big hike in oil prices back to the $120 mark. Stocks took it on the chin today. Below are the unofficial closes for the major US index readings:
  • DJIA 12,968.97 (-89.23; -0.68%)
  • S&P500 1,407.48 (-6.42; -0.45%)
  • NASDAQ 2,464.12 (-12.87; -0.52%)
  • 10YR-TBond 3.845% (unch.)
  • 52-WEEK LOW CLUB
Yahoo! Inc. (NASDAQ: YHOO) traded much lower, bringing Wall Street down after Microsoft Corporation (NASDAQ: MSFT) withdrew its $43.7 billion bid to acquire Yahoo Saturday. Shares fell 15% to $24.37.

Continue reading Closing Bell: Oil surge drowns equities

Symbol Lookup
IndexesChangePrice
DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 05:05 PM

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