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Atlantic storms: Hanna nears Carolinas; Ike threat looms
Oldest gorilla in captivity dies in Dallas at 55
Copley grad killed in motorcycle crash in Indiana
Akron City Council likely to approve 120-day moratorium on billboards
Walsh clears police in fatal Akron shooting
Vigil to remember boy killed by hit-and-run driver
Bomb threat leads to evacuation of Summit County CSB
Brunner breaks tie votes for extended hours at Summit County's absentee voting site
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'Monday Night Football' renews stress on games
Browns try to regroup before facing Cowboys
Crash victim is haunted by suspect
Summit County has third most methamphetamine sites in U.S.
Detective punished for book on crime
Laffey finished for 2008, but still in Tribe's plans
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Hafner powers Aeros to Game Three win; Akron takes 2-1 lead in best-of-five series
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Zips pass another test, slide past Mountaineers
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Week 3 Football Scoreboard
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Singletary suspended and other notes
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OSU v. YSU - Third Quarter
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Conventions Over; Race Begins Anew
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Facts Are Not Personal Attacks
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Surge, 9-11, And POW
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Request for Publications - Fire, Police, & Job Analysis
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Michelle is looking for a cabin or B & B off I-75 in Northwest Ohio.
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LeRoi Moore, Dave Matthews Band saxophonist dies
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ICSC Columbus
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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