Dow’s Quarter Ends With Slip

Posted by admin on Mar 31st, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Dow’s Quarter Ends With Slip Stocks ended 2010's first quarter with a thud as oil's rally to a 17-month high weighed on the rest of the market, especially consumer companies. Markets Data Center Most Actives | Gainers | Losers New Highs and Lows | Money Flows Intraday Futures | Currencies The Dow Jones Industrial Average shed 50.79 points, or 0.5%, to end at 10856.63, up 4.1% for the first quarter. The Nasdaq Composite Index was down 0.5% to 2397.96, up 5.7% for the quarter. The S&P 500 fell 0.3%, to 1169.43, up 4.9% for the quarter. The index's consumer-discretionary sector slid 0.8%, the weakest performance of any S&P category. Target fell 2.1%, while Nordstrom and Macy's were off more than 1% each. The only S&P categories to end with gains were financials, up 0.2%, and energy, up 0.4%. Drillers Transocean and Diamond Offshore Drilling surged almost 4% following the White House's move to allow increased offshore extraction of oil and natural gas in the U.S. At the same time, commodity traders were unfazed by the announcement, since any new supply of crude would be years away from delivery to market.[Read more...]

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