Drop in energy stocks stymies market rebound

[Omaha Steve]

Source: AP-Excite

By ALEX VEIGA

A slump in energy stocks stymied a rebound in U.S. indexes Tuesday as the price of oil plunged the most in two years.

The decline in oil prices followed forecasts for weaker global demand this year and next, a sign of slowing economic growth. Chevron fell 2 percent, helping to drag down the Dow Jones industrial average in the waning moments of trading.

Even so, corporate earnings provided some encouragement to investors, and most indexes posted modest gains following a three-day slump.

Domino's Pizza, Citigroup and Johnson & Johnson reported results that were better than analysts expected. The market also got a boost from airline stocks, which rebounded after sliding the day before.

FULL story at link.



Specialist Glenn Carell, left, and trader Gregory Rowe work on the floor of the New York Stock Exchange Tuesday, Oct. 14, 2014. U.S. stocks rose moderately in early trading Tuesday as investors pored over corporate earnings reports. (AP Photo/Richard Drew)


Read more: http://apnews.excite.com/article/20141014/financial_markets-d4c7da106b.html

[Warpy]

1. There is another oil glut

People can't afford to put that $3.00+ gas in their cars so they take the bus.

Who knew?

[Stallion]

2. Jimmy Carter's Revenge

Conservation, alternate energy, and energy efficiency lowers demand. Of course, he was laughed for wearing a sweater but the essential points of his policies were right on.

[asiliveandbreathe]

3. So, we are supposed to use more oil, gas,

travel more, take road trips - etc etc.. to prop up the robber barons.... I say - take the oil companies off the DOW and put them in commodities..no more drag on the DOW for people conserving - do we have wind and solar on the DOW?...regulate carbon emissions.. not just on autos but everywhere -

Good job to the folk's who have embraced conservation....