UK equities down on rising crude futures
by Brian Turner
US equities markets were down early on Tuesday due to crude oil prices that were rising again as another tropical storm approaches the Gulf of Mexico.
By the close, however, the markets were mixed, with the Dow Jones Industrial Average down but the S&P and Nasdaq indexes up.
The Dow Jones Industrial Average was down 0.6 percent to close at 10,513.89, the S&P 500 had gained 0.23 percent to 1,222.21, and the Nasdaq composite advanced 0.36 percent to 2,143.15.
PepsiCo gained 1.9 percent to $54.91 on the news that quarterly profits were up more than expected.
Biotechnology company Genentech gained 1 percent to $84.96, also on news of better-than-expected quarterly results.
Walt Disney gained 1.8 percent to $25.62 amid reports that it will sell its radio stations. Subscription radio service Sirius Satellite Radio lost 2 percent to $6.92 when UBS downgraded its investment rating.
Also in the entertainment sector, DreamWorks Animation SKG lost 0.3 percent to $23.19 after JP Morgan and Prudential Equity Group both downgraded the studio after it forecast losses yesterday.
Discuss this in the Finance Markets forums
Story link: UK equities down on rising crude futures
Add to Bookmarks:
Related financial stories to: UK equities down on rising crude futures
- WTI crude futures fall on NYMEX
- Crude futures rise on new storm warning
- Crude futures up on hurricane concerns
- King Fahd health concerns increases price on crude futures
- Crude futures rise on Hurricane fears
- Heating oil drives crude futures up
- Crude futures rise sharply
- Asian equities markets mixed as others gain; crude oil prices drop
- Equities mostly lower; crude oil up, metals prices decline
- Equities markets higher, crude oil prices decline
Previous: « Bond prices down on ECB rate comments
Next: CNOOC considers changing bid for Unocal »
Visited 242 times, 1 so far today
