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VOL. 39 | NO. 19 | Friday, May 8, 2015
US stock indexes edge lower; crude oil price slips
The Associated Press
NEW YORK (AP) — U.S. stock indexes are closing moderately lower as the market comes off its best day in two months.
Energy stocks fell the most Monday as oil prices moved lower. Exxon Mobil lost 1.7 percent, the most in the Dow Jones industrial average.
Dean Foods jumped 6 percent after the company reported earnings that beat analysts' forecasts.
The Dow fell 85 points, or 0.5 percent, to 18,105.
The Standard & Poor's 500 index gave up 10 points, or 0.5 percent, to 2,105. The Nasdaq composite declined 10 points, or 0.2 percent, to 4,993.
The price of benchmark U.S. oil dropped 14 cents to $59.25 a barrel in New York.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.27 percent.