US stocks drift mostly lower in listless trading

AP News
|
Posted: May 19, 2015 4:09 PM
US stocks drift mostly lower in listless trading

NEW YORK (AP) — U.S. stocks are drifting mostly lower, led by declines in energy stocks as the price of oil dropped.

The Standard & Poor's 500 fell a point to 2,127. The Nasdaq composite fell eight points, or 0.2 percent, to 5,070.

The 30-stock Dow Jones industrial average bucked the trend, edging up 13 points, or 0.1 percent, to 18,312. It was the fourth straight gain for the Dow.

Urban Outfitters plunged 15 percent after reporting weaker-than-expected results.

Take-Two Interactive, which makes "Grand Theft Auto," surged 18 percent after reporting earnings that were sharply higher than analysts were expecting.

Homebuilders rose on news that home construction surged in April.

Crude oil sank almost 4 percent to $57.26 a barrel.

Three stocks fell for every two that rose on the New York Stock Exchange.