SAN FRANCISCO (MarketWatch) - Energy equities paid a feeble goodbye to 2007, concluding another astonishing year with a retreat that took its cues from a 101-point drop by the Dow Jones Industrial Average. See Market Snapshot.


CHICAGO (MarketWatch) — Credit-market turbulence, interest-rate intrigue, record high oil and a deflated U.S. dollar made for a white-knuckle quarter that capped a volatile year for bond mutual-fund managers. Their jobs may not get any easier in 2008.


Crude-oil futures fell on Monday for a second session after a report showed sales of existing U.S. homes fell 20% in the past year, stirring concerns that oil demand from the world’s largest crude consumer may slow. Crude, however, ended the year up nearly 60%.


Gold futures fell on Monday for the first time in six trading sessions as the dollar rose against a basket of major currencies, reducing values of the precious metal as an investment alternative. Gold, however, ended the year up $200, or more than 30%.


Treasury prices were higher Monday, shrugging off a slight rise in U.S. existing-home sales as stocks extended losses on the last day of 2007.


Technology stocks found the going rough on the last trading day of the year, with reports of separate deals involving Google Inc. and IBM Corp. highlighting the sector’s Monday action.

