Halliburton (HAL), Schlumberger (SLB), Transocean (RIG) Drop as Dow Continues Under Pressure

Stocks were under pressure for a third consecutive session Thursday as investors remained focused on the events in the Middle East, and shrugged off a handful of positive economic news.

The Dow Jones Industrial Average dropped more than 50 points, after the blue-chip index sank 107 points amid spreading unrest in the Middle East in the previous session.

Bank of America (BAC) and DuPont (DD) led Dow decliners, while Boeing (BA) and Kraft (KFT) were the only two gainers.

The S&P 500 fell, while the tech-heavy Nasdaq was up slightly. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose above 22, after posting strong gains over the previous two sessions.

All major S&P 500 sectors fell, led by materials, telecom and energy.

Halliburton (HAL), Schlumberger (SLB), Transocean (RIG) all dropped in the sector.





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