New York - US stocks fell Thursday, weighed down by energy stocks after a week of strong gains on hopes of an economic recovery. Crude oil prices declined after new figures showed higher-than- expected US reserves. The commodity's 3-per-cent drop to 76.94 dollars per barrel in New York helped pushed most energy stocks lower.
The Dow Jones Industrial Average fell for the first time in six days, ending a rally that has been driven by the US economy's return to growth in the third quarter and some better than expected company earnings.
The blue-chip Dow dropped 93.79 points, or 0.91 per cent, to 10,197.47. The broader Standard and Poor's 500 Index fell 11.27 points, or 1.03 per cent, to 1,087.24. The technology-heavy Nasdaq Composite Index lost 17.88 points, or 0.83 per cent, to 2,149.02.
The US currency climbed against the euro to 67.36 euro cents from 66.73 euro cents on Wednesday. The dollar rose against the Japanese currency to 90.35 yen from 89.87 yen.
