Godlike Productions - Discussion Forum
Users Online Now: 2,589 (Who's On?)Visitors Today: 19,704
Pageviews Today: 73,757Threads Today: 21Posts Today: 498
12:41 AM

Rate this Thread

Absolute BS Crap Reasonable Nice Amazing

U.S. stocks fall sharply, oil prices up

Offer Upgrade

User ID: 247632
United States
06/07/2007 05:31 PM
Report Abusive Post
Report Copyright Violation
U.S. stocks fall sharply, oil prices up
NEW YORK, June 7 - U.S. stock exchanges plunged for the third straight day Thursday in reaction to a sudden leap in bond yields and escalating oil prices.

The Dow Jones industrial average plummeted 198.94 points, or 1.48 percent, at 13,266.73. The Nasdaq was off 45.80, or 1.77 percent, and the Standard & Poor's 500 Index was down 26.66, or 1.76 percent, at 1,490.7

Volume on the New York Stock Exchange was 1.84 billion shares traded, with 294 stocks gaining and 3,080 declining.

Oil prices came very close to the $67 level, closing up 97 cents at $66.93 a barrel at the New York Mercantile Exchange.

Bonds slumped. The 10-year Treasury note lost 31/32, or $9.6875 for every $1,000 invested, yielding 5.100 percent Thursday.

The dollar was mixed. The euro traded at $1.3429 from $1.3505 late Wednesday, while the dollar was at 120.94 from 121.05 yen.

[link to www.earthtimes.org]

Can't let those gas prices fall too low now can we?