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Markets & Stocks
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Stocks seep lower
Falling oil prices provide little comfort to investors as stocks slide.
December 2, 2004: 9:39 AM EST

NEW YORK (CNN/Money) - Stocks stepped lower after the opening bell Thursday despite falling oil prices.

Within five minutes of the session, the Dow Jones industrial average (up 162.20 to 10,590.22, Charts), Standard & Poor's 500 index (up 17.55 to 1,191.37, Charts), Nasdaq composite index (up 41.42 to 2,138.23, Charts) all lost about 0.3 percent.

Oil prices slipped to an 11-week low in electronic trading Thursday before leveling off. Crude futures fell 65 cents to $44.84 a barrel in electronic trading, while Brent oil futures lost 84 cents to $41.47 a barrel in London.

In economic news, more Americans filed for unemployment benefits last week. New claims for benefits rose 25,000, the Labor Department said, but the number of long-term claimants fell to their lowest level since April 2001.

The dollar headed downward, but still off a record low versus the euro and a five-year low against the yen.

Bond prices were slightly lower, lifting the yield on the 10-year bond to 4.39 percent from 4.36 percent late Wednesday. Bond prices and yields move in opposite direction.

Asian-Pacific stocks rallied Thursday, while the major European indexes rose in afternoon trade.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.