Stocks retreat on energy fall - New York Report


TOCKS ended down yesterday in a retreat from the previous session’s sharp rally as energy shares declined and the dollar edged up. However, the S&P 500 and Nasdaq registered their ninth straight quarterly rise.

The Dow Jones industrial average fell 200.19 points, or 1.11 per cent, to 17,776.12, the S&P 500 lost 18.35 points, or 0.88 per cent, to 2,067.89 and the Nasdaq Composite dropped 46.56 points, or 0.94 per cent, to 4,900.88.

All three indexes also posted losses for the month, with the Dow down two per cent, S&P 500 down 1.7 per cent and the Nasdaq down 1.3 per cent. The S&P 500’s quarterly winning streak was its longest since 1998, while the Nas­daq’s was its longest ever. The Dow registered a slight quarterly loss.

Energy shares were among the biggest drags as crude oil fell. The S&P Energy index declined 0.9 per cent, while shares of Exxon Mobil fell 0.7 per cent to $85.