Mon, 12 Jan 2015 21:50:04 GMT
US shares dropped due to slump in crude prices
US stocks tumbled, as the Standard&Poor's 500 Index showed first weekly decline since October. The market sold off crude oil, which in turn pushed down the energy stocks before the corporate earnings were announced. As a result, the energy sector tumbled 3%, and Brent crude gave up 4.6%. The S&P 500 slipped 0.8% to 2,027.66, while the Dow Jones Industrial