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As for OIH, the ETF that tracks oil service stock, it plummeted below the psychologically significant 100 mark after breaching key support at its 50-day moving average.
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Financial service stocks, especially banks, did well.
Among oil service stocks, Halliburton was up 3 5/16, to 38 3816.
We like oil stocks and oil service stocks, companies like ARCO and Phillips, Baker Hughes, Schlumberger and Halliburton.
Last year, health service stocks soared as pricing pressures on the industry eased, while drug stocks languished.
Oil service stocks also struggled on worries that exploration and production demands were decreasing.
With the exception of some big insurance companies, financial service stocks did well.
The gains included technology, led by Microsoft; financial service stocks; major retailers like Wal-Mart Stores; and biotechnology stocks.
What stocks do you like right now? A. In a general sense, we like the oil service stocks.
Prices of oil service stocks fell sharply as the price of crude oil dropped to a three-week low.
Oil service stocks also reflect uncertainty about whether big oil companies will greatly increase capital spending soon.
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