US stock market sinks as price of crude oil resumes a slide
NEW YORK (AP) — Stocks are closing mostly lower, led by declines in the energy sector as the price of oil resumes a long-term slide.
The dollar rebounded Thursday, a day after plunging against the euro.
Exxon Mobil and Chevron were among the biggest decliners in the Dow Jones industrial average. Each lost about 2 percent.
The Dow welcomed its newest member, Apple, on Thursday. The iPhone maker took the place of AT&T.
The Dow fell 117 points, or 0.7 percent, to 17,959.
The Standard & Poor’s 500 index fell 10 points, or 0.5 percent, to 2,089.
The Nasdaq composite edged up nine points, or 0.2 percent, to 4,992.
Crude oil fell $1.12 to $45.53 a barrel in New York.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.98 percent.