Events Calendar
In This Section
Morrison files legal challenge against Brunner
Several people hurt in Akron crash
TV exercise personality Paige Palmer didn't let age stop her
Gas station robbery suspect caught
Boy missing for 11 days lived in subways
Man compacted inside garbage truck (video)
Akron, Summit County jobless rates increase
Celebrity chef Paula Deen accidentally hit by charity ham
Most Read Stories
2 men shot during party in Fairlawn
Akron man killed in crash on his street
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Victim of beating in Kent last week is declared dead at Akron hospital
Cancellation of Christmas not an option
Akron Circle K store robbed for second time this month
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
KSU suspends basketball player
Kangaroo tries to drown dog, attacks owner
Rain, driver inexperience cited in fatal Green crash
Bob Dyer: Appropriate inscription chosen for memorial bench
Woman's purse snatched after beer purchase
Blogs:
Pets:
A Dog Named Christmas – Pet for the Holidays
The Heldenfiles:
Viewing Notes
Patrick McManamon:
Of pass interference and alleged "fake" injuries
Akron Zips:
No. 1 Akron to play Stanford next
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
Kent State Sports:
Flashes travel to Florida Atlantic
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
Buckeye Football – Present and Future
Varsity Letters:
Gulley to visit Central Michigan in December
All Da King's Men:
The Onion, By Any Other Name…
Blog of Mass Destruction:
Glaring Contradictions
Akron Law Café:
Don't Try to Have Fun if you are Depressed
See Jane Style:
Vintage Chic
Car Chase:
What Automotive Thing Are You Thankful For?
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
By Tim Paradis
Associate Press writer
POSTED: 03:24 p.m. EDT, Apr 09, 2008
NEW YORK: Wall Street extended its losses Wednesday as a rise in oil prices and a profit warning from United Parcel Service Inc. raised investors' anxiety about the well-being of the economy.
The surge in oil prices weighed on transportation stocks and contributed to a pessimistic tone in the market. Crude prices jumped following a government report showing U.S. inventories fell by more than expected last week. The rise hurt shares of airline and trucking companies, which have already struggled with high fuel costs.
UPS, the world's largest shipping carrier, pointed to a weaker economy and higher fuel costs in trimming its forecast. Investors earlier this week received reports from aluminum producer Alcoa Inc. and chip maker Advanced Micro Devices Inc. that have made the market uneasy about overall first-quarter results.
According to preliminary calculations, the Dow fell 49.18, or 0.39 percent, to 12,527.26.
Broader stock indicators also declined. The Standard & Poor's 500 index fell 11.05, or 0.81 percent, to 1,354.49, and the Nasdaq composite index declined 26.64, or 1.13 percent, to 2,322.12.
The Russell 2000 index of smaller companies fell 13.54, or 1.90 percent, to 698.38.
Declining issues outnumbered advancers by more than 2 to 1 on the New York Stock Exchange, where volume came to 1.21 billion shares compared with 1.2 billion shares traded Tuesday.
—————
On the Net:
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
NEW YORK: Wall Street extended its losses Wednesday as a rise in oil prices and a profit warning from United Parcel Service Inc. raised investors' anxiety about the well-being of the economy.
The surge in oil prices weighed on transportation stocks and contributed to a pessimistic tone in the market. Crude prices jumped following a government report showing U.S. inventories fell by more than expected last week. The rise hurt shares of airline and trucking companies, which have already struggled with high fuel costs.
UPS, the world's largest shipping carrier, pointed to a weaker economy and higher fuel costs in trimming its forecast. Investors earlier this week received reports from aluminum producer Alcoa Inc. and chip maker Advanced Micro Devices Inc. that have made the market uneasy about overall first-quarter results.
According to preliminary calculations, the Dow fell 49.18, or 0.39 percent, to 12,527.26.
Broader stock indicators also declined. The Standard & Poor's 500 index fell 11.05, or 0.81 percent, to 1,354.49, and the Nasdaq composite index declined 26.64, or 1.13 percent, to 2,322.12.
The Russell 2000 index of smaller companies fell 13.54, or 1.90 percent, to 698.38.
Declining issues outnumbered advancers by more than 2 to 1 on the New York Stock Exchange, where volume came to 1.21 billion shares compared with 1.2 billion shares traded Tuesday.
—————
On the Net:
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
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