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Market Update : 
Stocks Decline On Oil Rise
Author: 123jump.com Staff
123jump.com
Last Update: 4:01 PM EDT August 07 2006

As market reached close Dow lost 20.49 points, Nasdaq was down 13.14, and S&P declined 3.31. Inflation worries due to record level oil prices prompted moderate declines in the market. El Paso Corp reported Q2 earnings of 21 cents a share after paying dividends compared to a year ago loss of 38 cents a share. AES Corp posted Q2 earnings of 25 cents a share compared to year ago earnings of 13 cents a share. Oil gained $2.22 to close at $76.98.

 

 

 
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