Stocks fall as oil, commodities drop

June 15, 2009 1:20:53 PM PDT
Investors are back to selling stocks after running short of reasons to keep the market's rally going. Stocks tumbled Monday in light trading volume. That suggests an absence of buyers rather than a flood of sellers. The slide began overseas and spread to the U.S. as a strong dollar pushed commodities prices lower.

Stocks of energy and materials producers have lifted the market in recent weeks so the drop in prices left stocks without an important support.

According to preliminary calculations, the Dow Jones industrial average is down 187 at 8,612. The S&P 500 index is down 22 at 923, and the Nasdaq is down 42 at 1,816.

Five stocks fell for every one that rose on the New York Stock Exchange, where volume came to a light 963.4 million shares.


SEARCH FOR NEW YORK AREA JOBS

USEFUL LINKS:
FINANCIAL RESOURCES  || LOCAL STOCKS ||  GET WIDGET

 EYEWITNESS TWITTER ||  FIND US ON FACEBOOK


Load Comments