US stocks fall as oil adds to growth concerns
NEW YORK, Aug 7 (Reuters) U.S. stocks fell on Monday as investors sold shares of consumer and industrial companies after a spike in oil prices added to worries about slower growth in the United states.
U.S. crude oil prices climbed 1.6 percent to .94 a barrel after the shutdown of an Alaskan oil field. That added to concerns about growth after Friday's weaker-than-expected jobs report for July.
Shares of big energy users like manufacturers Boeing Co. and General Electric fell fell as did consumer-oriented companies like Home Depot Inc. and Wal-Mart Stores Inc.
The Dow Jones industrial average was down 21.05 points, or 0.19 percent, at 11,219.30. The Standard&Poor's 500 Index was down 2.89 points, or 0.23 percent, at 1,276.47. The Nasdaq Composite Index was down 10.70 points, or 0.51 percent, at 2,074.35.
REUTERS SBA RN2117