Another drop in energy stocks leads market lower
Another drop in energy stocks leads market lower
Energy companies led the slide as crude oil and natural gas prices fell.
THE QUOTE: "Volumes are extremely light, both on the equities and fixed-income side," said Jason Pride, director of investment strategy at Glenmede Trust.
The volatility in energy markets continued, with the benchmark U.S. crude contract losing some of its overnight gain.
[...] natural gas company Chesapeake Energy fell 24 cents, or 5.2 percent, to $4.34.
Bridgestone said late Tuesday that it is bowing out of the bidding war for Pep Boys, noting it won't make a counteroffer to top a roughly $1 billion bid from activist investor Carl Icahn.
Fairchild Semiconductor International rose 3.4 percent a day after the company said that it has received an unsolicited offer to buy its business by an undisclosed bidder.
Weight Watchers International vaulted 23.7 percent after announcing an advertising campaign featuring Oprah Winfrey, who owns a 10 percent stake in the company.