• Dow -24.22 at 12785.30, Nasdaq -30.92 at 2833.16, S&P -7.59 at 1353.63

Market news

3 May 2011

Dow -24.22 at 12785.30, Nasdaq -30.92 at 2833.16, S&P -7.59 at 1353.63

Recent selling pressure has paused, leaving stocks to rest at session lows. The retreat hurt energy stocks the most; the sector is now down 2.6%, which is almost double the loss of the next worst performing sector (materials, -1.4%). Energy's moves today have been tied closely to those of oil prices, which are now at $110.60 per barrel for a fresh session low and a 2.6% loss.

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