BUZZ-U.S. STOCKS ON THE MOVE-Oil stocks, Quintiles, Pfizer, Coty
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Wall Street was sharply lower, with the three major indexes falling more than 1 percent in late morning trading on Tuesday, after weak economic data out of China and Europe rekindled fears of a slowing global economy. The Dow Jones industrial average was down 0.98 percent at 17,716.66, the S&P 500 was down 0.98 percent at 2,061.12 and the Nasdaq Composite was down 1.10 percent at 4,764.794.
** CONOCOPHILLIPS, $45.14, -3.65 pct
** HALLIBURTON CO, $40.46, -3.78 pct
** SCHLUMBERGER LTD, $77.23, -2.73 pct
** SEADRILL LTD, $4.25, -6.59 pct
** COBALT INTERNATIONAL ENERGY INC, $2.97, -9.73 pct
Oil fell as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for demand. Continued...