Mixed day on Wall Street has investors worried about future
Associated Press
NEW YORK — Investors are fearing they may have bet too soon on an economic comeback.
Stocks ended mixed yesterday as drops in prices for oil and other commodities had investors worrying again that demand for basic materials may remain slack.
The drop in oil to a five-week low pushed energy and commodities stocks lower and sent investors into safe-haven parts of the market, such as consumer goods producers. Occidental Petroleum slid 2.5 percent while Procter & Gamble Co., which makes Tide and Crest, rose 2 percent.
