Stocks Fall on Earnings Concerns, Oil Prices

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Stocks finished in negative territory for the fourth straight session Monday amid concerns about corporate earnings and rising oil prices.


The Dow Jones Industrial Average fell 24.38 points, or 0.2 percent, to 10,368.61. The Standard & Poor’s 500 Index was down 4.12 points, or 0.4 percent, to 1,163.75. The Nasdaq Composite Index fell 25.57 points, or 1.3 percent, to 2,008.70.


Shares of Los Angeles-based Occidental Petroleum Corp. rose 0.3 percent to close at $57.80 after the company reported that its fourth-quarter profit rose 74 percent as a result of higher prices for crude oil and natural gas.


Sun Valley-based Flamemaster Corp. shares jumped 15.53 percent to $9. Flamemaster, which is transforming itself from a coatings manufacturer to a tobacco and candy vendor, has had numerous volatile trading days in the past month.


Losing ground locally were City of Industry-based Global ePoint Inc., which fell 7.7 percent to $3.95, and Guess Inc., which fell 3.3 percent to $13.83.

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