New York Report: Energy leads stocks down

THE Dow and S&P 500 ended lower yesterday after a drop in energy shares, while the Nasdaq edged higher with Yahoo.

The S&P 500’s decline followed a record close on Friday.

Energy led the day’s decline, with the S&P energy index off 1.6 pervcent. Shares of Exxon Mobil fell 1.5 pervcent and Schlumberger’s were down 2.1 pervcent, among the biggest drags on the S&P 500.

A stronger dollar pushed dollar-denominated commodities lower. The US dollar rose to its highest in over a year, while US crude fell 0.7 per cent.

Helping the Nasdaq, shares of Yahoo jumped 5.6 per cent to $41.81. The Dow Jones industrial average fell 25.94 points or 0.15 per cent, to 17,111.42, the S&P 500 lost 6.18 points or 0.31 per cent, to 2,001.53 and the Nasdaq Composite added 9.39 points or 0.2 per cent, to 4,592.29.