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Friday, 1 August 2014

US markets retreat for a second day

FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. U.S. stocks slumped Thursday, July 31, 2014, as investors reacted to disappointing corporate earnings reports and assessed the implications of the approaching end to economic stimulus from the Federal Reserve. (AP Photo/Mark Lennihan, File) NEW YORK (AP) — There was no reprieve for investors Friday as the U.S. stock market retreated for a second day. Energy stocks were among the biggest decliners following disappointing results from oil giant Chevron and a drop in oil prices. The Standard & Poor's 500 index is on pace for its worst week in more than two years.








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