More concerns about credit problems and record oil prices kept U.S. stock indexes down Thursday.

Late reports propelled crude oil futures to a record close of $90.46 a barrel, the first time oil has finished the day in the $90 range.

The Dow Jones industrial average fell 3.33 points, or 0.2 percent, at 13,671.92. The S&P 500 Stock Index lost 1.48, or 0.10 percent, at 1514.40, and the Nasdaq composite declined 23.90, about 0.9 percent, to 2,750.86.

The volume on the New York Stock Exchange was 1.60 billion shares traded with 1,577 stocks rising and 1,675 declining.

Stocks felt the weight of crude oil’s unexpected return to record levels. Oil rose $3.36 to $90.46 a barrel, reacting to among other issues low inventory levels, global tensions and concern that OPEC might not boost shipments as much as had been expected.

Investors also were bothered by a rash of weak third-quarter earnings reports.

Bonds declined. The benchmark 10-year note was down 6/32, or $1.875 for every $1,000 invested, yielding 4.370 percent Thursday.

The dollar weakened. The euro was at $1.4313 from $1.4262 against the dollar late Wednesday. The dollar was at 114.01 yen from 114.22 yen late Wednesday.  // Copyright 2007 by United Press International



Publication date: 26 October 2007   

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