WEDNESDAY, OCTOBER 24, 2012

SECTOR COMMENTARY

Oil and gas stocks finished the day lower led by oil services and E&Ps on falling commodities and after the Federal Reserve reiterated its concerns about the U.S. economy and pledged to stick to its bond-buying policy. Weakness in the E&P space was led by shares of Newfield Exploration, which fell over 17% to $27.46 amid its 3Q’12 earnings miss on lower oil and gas revenues and higher expenses falling short of Wall Street expectations.

WTI crude oil settled at $85.73 down $0.94 or ...