Indexes slightly lower on Wall Street after a 4-day rise; crude oil, other energy stocks sink

NEW YORK, N.Y. – A four-day advance came to an end on Wall Street as falling commodity prices brought down the stocks of energy and mining companies.

The Dow Jones industrial average fell a fraction to close at 14,865 Friday. In the first four days of the week the Dow rose 300 points.

The Standard & Poor’s 500 index fell four points to 1,588. The Nasdaq composite lost five points to 3,294.

All three indexes still ended the week higher.

Oil companies fell after crude dropped $2 to $91 a barrel. OPEC, the International Energy Agency and the U.S. have cut their estimates for oil demand this year.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was light at 3.2 billion shares.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.