Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 11, 2011

Wednesday

The energy sector pulled stocks lower, with the S&P 500 posting its biggest one-day point and percentage drop in two months, as crude oil prices tumbled. The energy sector was the biggest weight on the market, with Chevron losing 2% and Exxon Mobil shedding 2.1%. Crude oil prices fell as data pointed to a bigger-than-expected increase in crude inventories. DJIA -130.33 Nasdaq -26.83 S&P 500 -15.08.