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Stocks fall over rising oil prices, subprime woes | The Honolulu Advertiser | Hawaii's Newspaper

Posted at 11:53 a.m., Friday, June 29, 2007

Stocks fall over rising oil prices, subprime woes

Associated Press

Stocks slipped Friday as rising oil prices and subprime woes dogged investors. Wall Street initially rose on data from the Commerce Department showing rises in construction and consumer spending, and moderating inflation. But stocks wilted as oil prices surged above $70 a barrel and worries surrounding subprime lending intensified. The erratic day capped off a strong second quarter for the market, during which the Dow Jones industrial average rose more than 1,000 points.

  • The Dow fell 13.66, or 0.10 percent, to 13,408.62.

  • The Standard & Poor's 500 index fell 2.36, or 0.16 percent, to 1,503.35.

  • The Nasdaq composite index fell 5.14, or 0.20 percent, to 2,603.23.

    For the week:

  • The Dow is up 48.36, or 0.36 percent.

  • The S&P is up 0.79, or 0.05 percent.

  • The Nasdaq is up 14.27, or 0.55 percent.

    For the year:

  • The Dow is up 945.47, or 7.59 percent.

  • The S&P is up 85.05, or 6.00 percent.

  • The Nasdaq is up 187.94, or 7.78 percent.
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