Stocks end up-and-down day with small losses

AP News
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Posted: Jan 13, 2015 4:19 PM

NEW YORK (AP) — The stock market is ending a see-saw day with small losses, as energy shares slip lower with the price of oil.

Crude fell 18 cents to $45.89 a barrel Tuesday, after dipping below $45 earlier. That's far below its recent peak of more than $100 a barrel last June. The slump means much lower profits for energy companies.

The Dow Jones industrial average fell 27 points, or 0.2 percent, to close at 17,613. The index rose as much as 282 and fell as low as 142 points earlier.

The Standard & Poor's 500 index ended down five points, 0.3 percent, to 2,023. The Nasdaq composite eased three points to 4,661.

Homebuilders dropped after builder KB Home said demand for houses was weak. The company's stock slumped 16 percent to $13.87.