• Most Popular
  • Most Shared

US STOCKS-Dow, S&P 500 open lower on Chevron

Fri Jul 10, 2009 9:48am EDT

Stocks

   

NEW YORK, July 10 (Reuters) - The Dow industrials and the S&P 500 opened lower on Friday after Chevron Corp (CVX.N) warned about second-quarter earnings, compounding worries about the energy sector's outlook amid a drop in oil prices.

* The Nasdaq was near breakeven following some strength in shares of big-cap technology companies after Goldman Sachs raised the U.S. hardware sector to "attractive" from "neutral."

* The Dow Jones industrial average .DJI fell 38.54 points, or 0.47 percent, at 8,144.63. The Standard & Poor's 500 Index .SPX was down 4.27 points, or 0.48 percent, at 878.41. The Nasdaq Composite Index .IXIC was up 1.51 points, or 0.09 percent, at 1,754.06. (Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)



More from Reuters

Photo

Obama will not rush Afghan troop drawdown

OSLO (Reuters) - There will be no "precipitous drawdown" of U.S. forces in Afghanistan and U.S. troops could still be in the country for years to come, President Barack Obama said on Thursday.

» More Top News
A security personnel stands guard near oil pipelines at Tawke oil field near Dahuk, 400 km (245 miles) north of Baghdad May 9, 2009. REUTERS/Azad Lashkari

Now or never for Big Oil

The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields.  Full Article 

Energy
A glass of tap water is served at a restaurant in New York June 10, 2009 REUTERS/Shannon Stapleton

G7 glass half empty

Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief.   Full Article 

Global markets