Market Watch: Wall Street Eyes Oil Prices

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U.S. stocks were even on Tuesday, as investors kept a wary eye on oil prices that continued their July plummet on the first day of August.

Throughout the month of July, oil prices fell 21%. They added another 4% to that drop before stabilizing this morning. Oil is currently trading around $46 a barrel.

Elsewhere, investors showed concern over a 3% drop in shares of Apple—the single stock most experts believe affects the market more than any other.

June factory orders showed an increase of 1.8%, another piece of data in a busy week for numbers. The highlight will come on Friday, when the July labor report is released.

Here are the final numbers from Tuesday on Wall Street:

Dow Jones Industrial Average: 17,550.69 (-47.51)

NASDAQ: 5,105.55 (-9.84)

S&P 500: 2,093.32 (-4.72)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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