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The Closing Bell: U.S. Stocks Rebound Fades As Energy Shares Drop With Oil
FYI: A rebound in U.S. stocks faded late in the session as energy shares slid with the price of oil, snuffing out most of an earlier rally in benchmark indexes led by industrial companies, airlines and banks.
The Standard & Poor’s 500 Index ended the session up less than 0.2 percent at 1,877.74 at 4 p.m. in New York after earlier climbing as much as 1.3 percent. The measure is down 6.6 percent from its record on Sept. 18 and yesterday capped its worst three-day retreat since 2011. The Dow Jones Industrial Average lost 5.75 points, or less than 0.1 percent, to 16,315.32 today, wiping out a 143 point earlier gain. Regards, Ted http://www.bloomberg.com/news/print/2014-10-14/u-s-index-futures-little-changed-before-earnings-reports.html
