TUESDAY, SEPTEMBER 25, 2012
Energy stocks closed lower, accelerating losses in the final hour of trading following reports that Spanish protesters clashed with police in Madrid as the government prepares a new round of unpopular austerity measures. Stocks opened higher and meandered most of the day ahead of the reports. The drillers were the worst performing group, led by Nabors Industries, which fell over 5% on a downgrade from Global Hunter Securities.
In other sector news, oil services stocks, especially smaller caps were hit hard after Key Energy ...