• Dow -120.49 at 12575.43, Nasdaq -33.04 at 2830.00, S&P -12.54 at 1336.11

Market news

13 May 2011

Dow -120.49 at 12575.43, Nasdaq -33.04 at 2830.00, S&P -12.54 at 1336.11

Lower oil prices and a weak stock market have taken shares of oil services plays lower today.
However, offshore drilling services contractor Transocean (RIG 68.60, +1.12) is up with an impressive gain. The company announced today its approval of a dividend of about $1 billion and the election of J. Michael Talbert as Chairman of the Board.

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