CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
CNNMoney.com
Markets & Stocks
graphic
Oil rise shakes stocks
U.S. markets open lower, pressured by rising oil prices after terrorist attack in Saudi Arabia.
June 1, 2004: 9:37 AM EDT

NEW YORK (CNN/Money) - U.S. stocks opened lower Tuesday after a long holiday weekend as oil prices spiked over $41 a barrel following a terrorist attack in Saudi Arabia that left 22 people dead.

After a few minutes of trading, all three major averages -- Dow Jones Industrial average (down 5.96 to 10182.49, Charts), the Nasdaq composite (down 4.31 to 1982.43, Charts) and the Standard & Poor's 500 (Charts) -- declined.

The attack in the Saudi city of Khobar rattled world oil markets and sent NYMEX July futures up $1.39 to trade at $41.27 a barrel. Before the attack, oil had fallen below $40 a barrel just ahead of the Memorial Day weekend, which kicked off the U.S. summer driving season.

Elsewhere, Mel Karmazin resigned Tuesday as president and chief operating officer of media conglomerate Viacom Corp. (VIA: unchanged at $37.27, Research, Estimates) The company also announced that Chairman and CEO Sumner Redstone, the company's largest shareholder, has indicated that he will relinquish his role as CEO within three years.

In the bond market, U.S. Treasurys fell, sending the yield on the 10-year note up to 4.66 percent from 4.60 late Friday.

In international trading, stocks finished mixed in Asia overnight and fell in midday trading in Europe.  Top of page




  More on MARKETS
Wall Street counts down to a new year
Treasurys ease ahead of auctions
Dollar slips from 3-month high
  TODAY'S TOP STORIES
More cash registers a ringin'
CNN: Explosive device set off aboard airliner
Wall Street counts down to a new year




graphic graphic
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.