Energy stocks lead an early decline on Wall Street
Posted April 01, 2016 7:00 am
NEW YORK (AP) - Energy companies are leading a broad decline in early trading on Wall Street as the price of oil takes another sharp turn lower.
Chevron dropped 2 percent shortly after the opening bell Friday, the biggest decline in the Dow Jones industrial average.
The price of U.S. benchmark crude slumped 4 percent to just under $37 a barrel in New York.
Investors didn't get much encouragement from a government report showing that hiring remained solid in the U.S. last month.
The Dow Jones industrial average lost 94 points, or 0.5 percent, to 17,589.
The Standard & Poor's 500 index gave up 13 points, or 0.7 percent, to 2,046. The Nasdaq composite dropped 29 points, or 0.6 percent, to 4,840.
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