(Bloomberg) -- Most U.S. stocks fell, led by
energy companies and brokerages, after the price of oil dropped
and analysts cut their price estimate on Bear Stearns Cos.
Schlumberger Ltd., the world's biggest oilfield services
provider, led a decline by 31 of 32 energy companies in the
Standard & Poor's 500 Index. Bear Stearns, the U.S. securities
firm trying to prevent two of its hedge funds from collapsing,
dropped after CIBC World Markets Inc. cut its estimate on the
shares. Almost three stocks fell for every two that advanced on
the New York Stock Exchange.
Read more at Bloomberg Stocks News
energy companies and brokerages, after the price of oil dropped
and analysts cut their price estimate on Bear Stearns Cos.
Schlumberger Ltd., the world's biggest oilfield services
provider, led a decline by 31 of 32 energy companies in the
Standard & Poor's 500 Index. Bear Stearns, the U.S. securities
firm trying to prevent two of its hedge funds from collapsing,
dropped after CIBC World Markets Inc. cut its estimate on the
shares. Almost three stocks fell for every two that advanced on
the New York Stock Exchange.
Read more at Bloomberg Stocks News
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