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THE REAL MOST ACTIVE Oil Prices Rise; Dow, S&P 500 Fall 2.6% In Q1.(MAKING MONEY)
Byline: NANCY GONDO
Many NYSE stocks closed lower Thursday as oil prices rose. A Goldman Sachs report said oil may be in a "super spike" period where prices could surge as high as $105 a barrel.
The Dow pulled back 0.4%, the S&P 500 0.1%. The small-cap S&P 600 edged less than a point lower. NYSE volume swelled.
Moog shed 1.17 to 45.20, falling back to its 50-day moving average on double usual turnover. The maker of precision control systems for the aerospace and defense industries grew profit at least 18% the past four quarters. Analysts expect growth to slow a bit the next three quarters.
*Zimmer Holdings fell 4.80, or 6%, to 77.81 on its heaviest trade ever, as over 11 million shares changed hands. The maker of orthopedic implants sank as much as 10% intraday.
That weighed on other orthopedic products makers. Smith & Nephew gave up 2.77 to 47.02, Stryker 2.82 to 44.61 and dj Orthopedics 0.73 to 25.05.
Department store and oil and gas stocks bucked the downtrend. J.C. Penney vaulted 4.02, or 8%, to 51.92, close to a six-year high, on its ...
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