TV Schedule

Dow Jones in 350-point tumble, oil reaches $140 a barrel

  2. merasyad
  3. related topics
The Dow plummeted more than 350 points Thursday afternoon as selling accelerated following a record surge in oil prices. All three indexes took a beating right out of the gate after Goldman Sachs downgraded two key Dow components, and two tech leaders disappointed investors.

The Dow Jones industrial average shed 358.41 points, or 3%, to close at 11,453.42. The last time the index was near that level was 21 months ago in September 2006.

The Dow lost more points Thursday than any other day in this year except for Feb. 5, when the indicator lost 370.03 points.

Oil touches $140 a barrel. Oil crossed $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official saying crude could hit $170 a barrel this summer. The dollar's decline against the euro added further upward pricing pressure.
merasyad

10 responses // Dow Jones in 350-point tumble, oil reaches $140 a barrel

  • A simple transfer of wealth...

    We're getting poorer my friends.
    onechance
    1 response to this
  • Right on track for $200 per barrel, just like the elite "predicted" earlier this year. Just like they "predicted" $100 per barrel by 2007.
    maasanova
  • Oh goody, more economic decline.
    Dmitri_Molotov
  • http://current.com/items/89053706_stocks_fall_3_percent...
    Here is the Reuters report.
    merasyad
  • They have us just about where they want us so they can pilfer as much as possible.

    Everyone should read Mark Twain's "The Gilded Age". It's about what happened from 1890 to 1905 and matches what is going on right now.

    Cronyism
    Corruption
    Big business with politicians in their pockets
    You know the rest.
    Pwdrskir
  • We're the ones letting them take more. We need to act now to prevent this...maybe a major boycott...get the horses out!!!
    WorldPeaceTV
  • Let the house of cards fall. Find your priorities and learn what's important in life. I'm not too worried about it, I've been clean from oil for a few months now, so it's no skin off my back.

    Maybe we can see how survival of the fittest really works.
    drewsuf721
  • What can we the people do about this. Or are we just going to get used to it like when gas hit 2 bucks......I remember people saying that they would never stand for 3 buck a gallon....we are now heading for 5 and soon 6......

    What can we do as a people...?
    silverex87
  • The corruption that made us so powerful will also prove to be our downfall.
    BetterWatching

Add your response

Login/Registration is required to add a response.