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Closing Bell: Oil surge drowns equities

Posted May 5th 2008 4:20PM by Jon Ogg
Filed under: Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Sprint Nextel Corp (S), Bank of America (BAC), Countrywide Financial (CFC)

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.

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Symbol Lookup
IndexesChangePrice
DJIA+29.8811,632.38
NASDAQ+21.922,325.88
S&P 500+5.191,282.19

Last updated: July 24, 2008: 08:04 AM

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