Daily Business Market Watch

Crude oil prices fall in advance of Tropical Storm Fay

U.S. stocks fell and bond prices rose after financial shares led stocks lower amid continued credit concerns. Freddie Mac and Fannie Mae fell after concern over the likelihood of a government bailout increased. Crude oil prices fell as concern that a tropical storm may threaten supply was reduced,leading energy shares lower.

 

 

The Dow Jones industrial average was down 180.51 .. at 11479.39.

 

The Standard & Poor's 500 index was down 19.60 .. at 1278.62.

 

Stocks boosted by positive news regarding Fannie Mae and Freddie Mac

U.S. stocks and bond prices rose after Fannie Mae and Freddie Mac received positive news from regulators which may open up another source of financing.

Closing report: Volume on New York Stock Exchange moderate

U.S. stocks closed lower and bond prices fell after an economic report showed retail sales in July fell for the first time in five months. Crude oil prices rose, boosting energy shares, after the U.S. Energy Department reported a bigger-than-forecast decline in gasoline inventories, increasing supply concerns. A lower-than-expected earnings announcement from Deere & Co.

Afternoon report: U.S. stocks close lower

U.S. stocks closed lower and bond prices rose after as financial shares weighed on the market. JP Morgan Chase & Co. led declines after it stated it may post additional credit losses, as it expects the global economy "to continue to be weak, for capital markets to remain under stress and for a

Dow Jones average up on lower oil crude prices

U.S. stocks closed higher and bond prices fell. Retail shares rose on expectations lower crude oil prices may benefit demand. Offsetting gains in retail shares were shares of energy firms, after crude oil prices weakened

on concerns that a slowing economy may negatively affect demand domestically.

Credit card issuers rose as the fall in oil prices may increase the ability of consumers to make additional purchases.

The Dow Jones industrial average was up 48.03 .. at 11782.35.

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