Pharmaceuticals and oil prices send Dow lower

Investors sent US stocks sharply lower today as oil prices continued their climb higher and new questions about the safety of arthritis drugs hit pharmaceutical stocks.

Pharmaceuticals and oil prices send Dow lower
Thu, 07 Oct, 2004 - 22:39

Investors sent US stocks sharply lower today as oil prices continued their climb higher and new questions about the safety of arthritis drugs hit pharmaceutical stocks.

The Dow Jones industrials, which include drug makers Pfizer and Merck, lost more than 114 points.

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CourtsBusinessHeathrowPlace: USPlace: RussiaPlace: NigeriaPlace: Gulf of MexicoPlace: New York StoPerson: Joseph BattipagliaPerson: Todd LeoneOrganisation: DowOrganisation: Dow JonesOrganisation: PfizerOrganisation: MerckOrganisation: New York Mercantile ExchangeOrganisation: Ryan Beck & Co.Organisation: NasdaqOrganisation: New England Journal of MedicineOrganisation: VioxxOrganisation: Eli LillyOrganisation: AstraZenecaOrganisation: GlaxosmithklineOrganisation: SG Cowen SecuritiesOrganisation: American Eagle OutfittersOrganisation: TalbotsOrganisation: Wall StreetOrganisation: American EagleOrganisation: CostcoOrganisation: Labour DepartmentOrganisation: Bank of AmericaOrganisation: FleetBoston Financial CorporationOrganisation: Marriott International
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