Summary Box: Stocks dip after a three-day rally

AP News
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Posted: Mar 22, 2011 5:41 PM
Summary Box: Stocks dip after a three-day rally

STOCKS DIP: Stocks edged lower Tuesday, ending a three-day rally that had lifted the Dow Jones industrial average above 12,000 for the first time since an earthquake hit Japan more than a week ago.

OIL HIGHER: Crude oil prices, a major source of concern since mid-February, rose $1.88 to settle at $104.97 per barrel. Oil briefly topped $105 on concerns that conflicts in the Middle East could pinch oil supplies as demand begins to rise.

THE INDEXES: The Dow Jones industrial average fell 17.90 points to 12,018.63. The S&P 500 fell 4.61 to 1,293.77. The Nasdaq composite fell 8.22 to 2,683.87