North Bergen, New Jersey 3/20/2010 1:04:12 AM
News / Business

U.S. Stocks take a turn after 8th Consecutive Day of Gains for Dow.

Wall Street witnesses a plunge after Day Eight of rising Market Gains for the Dow.

Stocks fell on Friday, following the Dow's eight consecutive days of gains as a rising dollar hurt oil prices and weighed on energy stocks. For information regarding The Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

 

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Stocks fell on Friday, following the Dow's eight consecutive days of gains as a rising dollar hurt oil prices and weighed on energy stocks.

That effect spilled over to energy stocks, with the S&P Energy Index (^GSPE) down 1.3 percent as U.S. crude oil futures (^CLC1) lost 2.4 percent to $80.25 a barrel. Dow component Exxon Mobil (XOM) fell 1 percent to $66.73.

An ominous congressional vote to revamp the U.S. Healthcare System will keep health-sector stocks in focus, with the Morgan Stanley Healthcare Payor index (^HMO) up 2.1 percent. In addition, Aetna Inc (AET) gained 2.6 percent to $34.11 after it forecast first-quarter earnings above consensus.

 

 

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