Markets Slip On Oil; Petco To Be Bought For $8.7MM

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[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

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[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 …