Dow Slips 26 as Oil Prices Fall

By Harry Kimball,  Newser Staff
Posted Jul 29, 2009 3:13 PM CDT
Dow Slips 26 as Oil Prices Fall
A trader works on the floor of the New York Stock Exchange.   (AP Photo)

Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and the tech sector took a hit on Microsoft’s deal with Yahoo. The Dow fell 26 to 9,070.72, the S&P shed 4.49 to end at 975.13, and Nasdaq lost 7.75 to finish at 1,967.76. (Read more New York Stock Exchange stories.)

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