Summary Box: Stocks fall as Libya worries continue

AP News
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Posted: Feb 24, 2011 4:49 PM
Summary Box: Stocks fall as Libya worries continue

LIBYA: Clashes in Libya continued, leaving traders concerned about the impact on the global oil market. Oil fell for the first time in nine days after a rally that has sent it 18 percent higher since February 15th.

UNEMPLOYMENT APPLICATIONS FALL: Applications for unemployment benefits fell, pushing the four week average of new claims down to its lowest level in two and a half years.

THE INDEXES: The Dow Jones industrial average fell 37.28 points to 12,068.50. The Standard & Poor's 500 index fell 1.30 to 1,306.10. The Nasdaq composite gained 14.91 points to 2,737.90.