[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets continued to slide further downward today, driven lower in particular by the drop in oil prices and energy stocks. U.S. crude fell 3.3% to settle at $55.91, hitting fresh 5-1/2 year lows. Both U.S. crude and Brent have fallen nearly 50 percent from highs in June. Today, all major indexes retreated …
Stocks Start Off The Week Sub-Par As Oil Prices Fall
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets ended the day somewhat mixed as the S&P dropped 0.3%, but stayed above the 2000 mark. The Dow also fell 0.2%, while the Nasdaq gained a slight 0.2% In corporate news, Yahoo (YHOO) shares rose 5.6% after we heard today that Alibaba filed for its initial public offering and started …