Monday, May 11, 2015

U.S. Stocks Drop as Energy Shares Retreat the Most Since January



U.S. stocks declined, after the biggest rally in two months, as Noble Energy Inc. led energy shares to their biggest drop since January.
The Standard & Poor’s 500 Index declined 0.5 percent to 2,105.30 at 4 p.m. in New York, after closing Friday within two points of a record.
Stocks jumped the most since March on Friday after a report showed hiring bounced back in April, signaling companies are confident the economy will recover from a winter slowdown. The gain helped push the S&P 500 up 0.4 percent for the week.
Source: Bloomberg

No comments:

Post a Comment