Sinking energy stocks pull S&P 500 to fourth straight loss
NEW YORK (AP) — U.S. stocks took another small step backward on Wednesday after a plunge in the price of oil dragged down shares of energy producers. The losses overshadowed gains for technology companies and other areas of the market.
The Standard & Poor's 500 index dipped by a fraction of a point, down 0.30 to 2,629.27, and it's down just 0.5 percent so far this week. But even those modest movements could count as notable in a year that's been unusually calm and easy for investors. It was the fourth straight loss for the index, the first time that has happened since March.
The Dow Jones industrial average fell 39.73 points, or 0.2 percent, to 24,140.91, the Nasdaq composite rose 14.16, or 0.2 percent, to 6,776.