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Stockreport

Market Snapshot: Stock market closes lower as oil slips into bear-market territory [MarketWatch]

TRANSOCEAN (RIG)  More Company Research Source: MarketWatch
Last transocean earnings: 7/30 04:17 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
PDF Stock market closes lower as oil slips into bear-market territory U.S. stocks finished lower Tuesday as investors dumped energy shares after crude-oil prices sank into bear-market territory. The S&P 500 SPX, -0.67% dropped 16.43 points, or 0.7%, to close at 2,437.03, with nine of the 11 main sectors trading lower. The energy sector was down 1.3%, topping the losers. Crude oil CLN7, -1.95% sank to a 10-month low , falling 2% as ongoing worries about a supply glut pressured prices. Shares of oil companies were among the worst performers. Transocean Ltd. RIG, -4.21% shed 4.2%, Marathon Oil Corp . MRO, -3.44% declined 3.4% and Hess Corp. HES, -3.19% was down 3.2%. The Dow Jones Industrial Average DJIA, -0.29% fell 61.85 points, or 0.3%, to end at 21,467.14 after touching an intraday record of 21,535.03. Chevron Corp. CVX, -0.91% fell 0.9%, while Verizon Communication Inc. VZ, -1.35% was off 1.4%. The Nasdaq Composite Index COMP, -0.82% slid 50.98 points, or 0.8 [Read more]

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