While you were sleeping: Oil slump hits shares

Mon, 03 Aug 2015

By Margreet Dietz Aug. 4 (BusinessDesk) - Wall Street fell as a slide in oil prices and weak manufacturing data curbed optimism about the outlook for corporate profits. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.9 percent, the Standard & Poor’s 500 Index declined 0.7 percent, as did the Nasdaq Composite Index. Slides in shares of Chevron as well as those of IBM and Apple, last down 3.3 percent, 2.4 percent and 2.3 percent respectively, led the Dow lower. Apple shares slid after a report by Canaly...

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