Falling energy stocks dragged Wall Street down, the Financial Times reports, with crude oil falling as far as $8 per barrel. The sector has fallen 18.7 percent for the quarter. Materials fell 2.5 percent on Tuesday, and dropped 9.2 percent over the quarter.
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No energy on Wall Street
September 04, 2008 at 08:00 PM
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While Hurricane Gustav may have weighed heavily on oil stocks, it gave other energy sensitive stocks a boost, the Times writes. Delta, United and AMR each rose over 11 percent; General Motors rose 6.5 percent to $10.65, and Ford added 1.12 percent to trade at $4.51.
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