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Nasdaq, S&P 500 drop as rally fizzles

09.02.2008 | 14:09:49 pm | Posted by Reuters: Business News

NEW YORK (Reuters) - The Nasdaq composite and the S&P 500 indexes fell on Tuesday as a sharp slide in oil prices hit shares of energy companies, including Exxon Mobil , while a drop in Apple Inc punctured an earlier rally in large-cap technology sha... [more]

 


Oil drops more than $6 as Gustav fades

09.02.2008 | 12:09:55 pm | Posted by Reuters: Business News

NEW YORK (Reuters) - Oil prices dropped more than $6.50 per barrel on Tuesday, the biggest drop in dollar terms since 1991, as dealers bet the U.S. oil industry would recovery quickly from Hurricane Gustav. ... [more]

 


Oil's tumble sparks broad Wall Street rally

09.02.2008 | 12:09:59 pm | Posted by Reuters: Business News

NEW YORK (Reuters) - Stocks rallied on Tuesday as a slide in oil prices to a five-month low buoyed hopes of a recovery in consumer and business spending, both important pillars of corporate profit growth. ... [more]

 


Lower oil lifts Wall St; Dow jumps 2 percent

09.02.2008 | 10:09:45 am | Posted by Reuters: Business News

NEW YORK (Reuters) - Stocks extended gains on Tuesday, sending the Dow Jones industrial average up 2 percent, as a sharp slide in oil prices buoyed hopes of a recovery in consumer and business spending, a key pillar of profit growth. ... [more]

 


Futures rise as oil tumbles below $108

09.02.2008 | 07:09:18 am | Posted by Reuters: Business News

NEW YORK (Reuters) - Stock index futures rose on Tuesday as oil prices slid below $110 a barrel, easing concerns about the outlook for consumer and business spending. ... [more]

 


Futures signal higher Wall Street start as oil drops

09.02.2008 | 05:09:58 am | Posted by Reuters: Business News

Stock index futures pointed to a higher opening on Wall Street on Tuesday after being closed on Monday for the Labor Day holiday, bolstered by a sharp drop in oil prices, that eased worries over consumer spending and energy costs for companies. ... [more]

 


Oil gains over $1 as Gustav shuts U.S. output

08.31.2008 | 23:08:25 pm | Posted by Reuters: Business News

PERTH (Reuters) - Oil prices rose more than $1 on Monday after energy firms in the U.S. Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005's devastating ... [more]

 


Oil pressured by strong dollar after storm support

08.29.2008 | 13:08:42 pm | Posted by Reuters: Business News

NEW YORK (Reuters) - Oil prices were nearly unchanged by midday Friday as a stronger dollar balanced concerns that Tropical Storm Gustav will impact U.S. offshore oil and gas production. ... [more]

 


Wall St extends losses, Dow, S&P off 1 percent

08.29.2008 | 11:08:21 am | Posted by Reuters: Business News

NEW YORK (Reuters) - Stocks extended their losses on Friday, with the Dow and S&P 500 both shedding 1 percent as oil prices rose and Dell warned that companies worldwide are cutting back on technology spending. ... [more]

 


Strong GDP data, weak oil spark Wall St rally

08.28.2008 | 16:08:01 pm | Posted by Reuters: Business News

NEW YORK (Reuters) - U.S. stocks rose sharply on Thursday as the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased, driving gains in major industrial and financial companies. ... [more]

 


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