Posts From King World News

Wall Street ends lower as weak oil weighs

Exxon Mobil (XOM.N) shares dropped 4.58 percent while Chevron (CVX.N) lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices. Despite the S&P’s negative close on Friday, half of the 10 major S&P 500 sectors were higher, with the utilities index’s (.SPLRCU) 0.98 percent rise leading the advancers.