Stocks slumped Tuesday afternoon, giving up a recovery attempt, as investors mulled rising oil prices, more financial market woes and a steep drop in June U.S. sales for Ford and other automakers.
A key measure of the nation's manufacturing activity rose unexpectedly in June, reaching a level that indicated expansion in the sector for the first time since January.
Stocks tumbled Tuesday morning, starting off the year's second half on a sour note, with the Dow falling into bear market territory amid higher fuel prices and more bank sector worries.
Stocks tumbled Tuesday morning, starting off the year's second half on a sour note, with the Dow falling into bear market territory amid higher fuel prices and more bank sector worries.
Crude prices rose more than $2 a barrel Tuesday after an energy advisory group reduced its estimate on the amount of oil that will reach the market in the coming years.
Howard Stern hit the jackpot when he moved satellite radio more than three years ago. He's pocketing $80 million a year and has received Sirius Satellite Radio stock worth roughly $200 million for meeting subscriber growth targets spelled out in his five-year contract.