While you were sleeping: Wall St follows oil lower

Tue, 02 Feb 2016

By Margreet Dietz Feb. 3 (BusinessDesk) - Stocks fell with the price of oil amid concern about the global economy and the outlook for corporate profits. Brent crude last traded about 3 percent lower, while US crude last traded about 4 percent weaker ahead of US government data expected to show that US inventories are continuing to rise. Wall Street tumbled. In 12.59pm trading in New York, the Dow Jones Industrial Average dropped 1.6 percent, while the Nasdaq Composite Index shed 1.5 percent. In 12.44pm trading, the Standard & Poor’s 50...

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