OT - Stocks Falter, Oil Climbs.

OT - Stocks Falter, Oil Climbs.

Post by merrym82 » Sat, 25 Sep 2004 06:12:14

Stocks suffered their biggest pullback in nearly seven weeks Wednesday as crude
oil prices jumped above $48 a barrel on renewed supply concerns.

More Wall Street News:

Morgan Stanley said Wednesday that its fiscal third-quarter profit tumbled 34%,
falling short of estimates, as bond trading plunged.  Shares of Morgan Stanley
fell the most in two years, dragging down shares of other securities firms.

Net income in the three months ended Aug. 31 declined to $837 million, or 76
cents a share, from $1.27 billion, or $1.15, a year earlier.

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