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VOL. 40 | NO. 5 | Friday, January 29, 2016
US stocks edge mostly lower as energy prices plunge again
NEW YORK (AP) — Stocks are closing mostly lower after another steep drop in oil and natural gas prices pulled energy companies down.
Prices for crude oil and natural gas each slumped about 6 percent Monday, the latest blow to the beleaguered energy sector.
Oil and gas companies took heavy losses. Devon Energy sank 7 percent and Murphy Oil lost 6 percent.
Not all the news was bad. Aetna jumped 2 percent after reporting solid earnings.
The Dow Jones industrial average edged down 17 points, or 0.1 percent, to 16,449.
The Standard & Poor's 500 index lost less than a point to 1,939. The Nasdaq composite edged up six points, or 0.1 percent, to 4,620.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.96 percent.