Thursday, April 04, 2013

Crude Oil Prices Fall Sharply: Very Good news for the Indian Construction and Media Sectors
NEW YORK (Reuters) - The S&P 500 and Nasdaq fell more than 1 percent in afternoon trading on Wednesday, with energy among the sectors leading declines on the S&P 500 as oil prices fell sharply.

Shares of Chevron (CVX.N) were down 1.1 percent at $117.72.

The losses put the S&P 500 on track for its biggest daily percentage loss since February 25.

The Dow Jones industrial average (.DJI) was down 102.16 points, or 0.70 percent, at 14,559.85. The Standard & Poor's 500 Index (.SPX) was down 16.46 points, or 1.05 percent, at 1,553.79. The Nasdaq Composite Index (.IXIC) was down 38.64 points, or 1.19 percent, at 3,216.22.