NEW YORK – Another plunge in the price of oil kept the stock market in a tight range as investors worried that a long-running collapse in crude prices was resuming.
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Ralph Lauren dropped 18 percent after the company reported lower earnings and slashed its sales forecast for the full year.
Disney rose after reporting stronger earnings, giving a small lift to the Dow Jones industrial average.
The Dow edged up six points, less than 0.1 percent, to 17,673.
The Standard & Poor's 500 index fell eight points, or 0.4 percent, to 2,041. The Nasdaq shed 11 points, or 0.2 percent, to 4,716.
A rebound in oil prices fizzled out as the contract for U.S. crude dropped 8 percent to $48.88 a barrel. The government reported that crude inventories jumped last week.