Wednesday May 14, 4:08 AM
US STOCKS-Dow ends down with oil near $127, Fed sees trouble
NEW YORK, May 13 (Reuters) - Blue-chip stocks declined on
Tuesday as oil rose to another record, underscoring concerns
about inflation, and the Federal Reserve chairman said
financial markets are still troubled.
Based on the latest available data, the Dow Jones
industrial average was down 44.13 points, or 0.34
percent, to end unofficially at 12,832.18. The Standard &
Poor's 500 Index was down just 0.54 of a point, or 0.04
percent, to finish unofficially at 1,403.04. But the Nasdaq
Composite Index gained 6.63 points, or 0.27 percent,
to close unofficially at 2,495.12.
(Reporting by Jennifer Coogan; Editing by Jan Paschal)
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