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Stocks fall amid slump in energy shares, disappointing economic data

  March 29, 2012

U.S. stocks fell, sending the Standard & Poor’s 500 Index down for a second day, as a slump in crude oil drove energy producers lower and government data showed that orders for durable goods rose less than forecast. The S&P 500 retreated 0.5 percent to 1,405.49 at 4 p.m. New York time, according to preliminary closing data. While the benchmark gauge for American equities has lost 0.8 percent in two days, it rebounded from its intraday low of 1,397.20 in the final two hours of trading. The Dow Jones Industrial Average declined 71.21 points, or 0.5 percent, to 13,126.52 today.

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