US stocks open mostly lower; oil price slides

[Omaha Steve]

Source: AP

NEW YORK (AP) — Stocks are mostly lower in early trading as energy companies decline along with the price of oil.

The Dow Jones industrial average fell nine points, or 0.1 percent, to 18,277 as of 9:35 a.m. Eastern time Friday.

The Standard & Poor's 500 index gave up a point to 2,129. The Nasdaq composite edged up five points, or 0.1 percent, to 5,097.

Deere rose 3 percent after the company raised its profit forecast for the year, saying that strong sales in construction equipment offset a global agricultural slowdown.

FULL story at link.


Read more: http://bigstory.ap.org/article/be55fabdfe3c4d0eb7e636e23c94466d/us-stocks-open-mostly-lower-oil-price-slides

[cstanleytech]

1. Not surprised really and oil prices would be alot lower without the speculators

and with them playing the market anyone who invests in oil is at risk of getting a 3rd degree burn.

[Plucketeer]

2. 3rd degree?

I hope those bastards fry in hades!

[cstanleytech]

3. If you mean the speculators who work to actually manipulate the

price I agree.