Stocks slip for a second day
Business
A trader works on the floor of the New York Stock Exchange on Dec. 9, 2014, as energy stocks dragged down the indexes most of the day. Photo Credit: Getty Images / Andrew Burton
Stock indexes slipped for a second day Wednesday, despite indications that markets in Europe and China are recovering from a slump the previous day.
Shortly after trading started on Wall Street, The Dow was down 114.6 points, or 0.6 percent, at 17,686.6. The Standard & Poor's 500 index fell 11.7 points, or 0.7 percent, to 2,048. The Nasdaq composite lost 15.4 points, or 0.3 percent, to 4,750.2.
Energy stocks declined the most early Wednesday as the price of crude oil dropped again. Chevron and Exxon Mobil fell the most of the 30 stocks in the Dow Jones industrial average.
The price of crude oil sank $1.56 to $62.26 a barrel in trading on the Mercantile Exchange in Manhattan.
Government bond prices edged lower. The yield on the 10-year Treasury note rose to 2.22 percent.
You also may be interested in:
Post a Comment for "Stocks slip for a second day"