Slump in energy stocks pulls US indexes lower

AP News
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Posted: Sep 08, 2014 4:07 PM
Slump in energy stocks pulls US indexes lower

NEW YORK (AP) — A slump in energy companies is pulling the U.S. stock market slightly lower.

Exxon Mobil led the declines in the Dow Jones industrial average as the price of oil fell to the lowest level since January.

The Dow fell 26 points, or 0.2 percent, to 17,111 Monday.

The Standard & Poor's 500 fell six points, or 0.3 percent, to 2,001. The index closed at an all-time high on Friday.

The Nasdaq edged up nine points, or 0.2 percent, to 4,592.

Campbell Soup fell 2.6 percent after reporting revenue that fell short of analysts' forecasts. The company also predicted results for next year would fall short of analysts' estimates.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.47 percent.