Wall St dives on record oil over $123
By Ellis MnyanduReuters Wednesday, May 7, 2008; 5:35 PM
NEW YORK (Reuters) - Stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.
Investors sold off shares of banks, home builders and companies dependent on consumer spending amid fears that rising prices will crimp demand and exacerbate fallout from the housing slump.
Sermon: Active Listening
-
(Pixabay illustration) COGwriter The Continuing Church of God is pleased to
announce this sermon from its ContinuingCOG channel: 1:16:21 Active
Listening...
3 hours ago
No comments:
Post a Comment