New York City – Wall Street Plunges Nealry 400 Points, As Oil Prices Tops New Records.

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    New York City – Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate.

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    According to early tallies, the Dow Jones industrial average (INDU) lost 395 points, its biggest one-day point loss since February of 2007, at the start of the subprime mortgage crisis. The selloff Friday amounted to a decline of more than 3%.


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    5 Comments
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    simcha
    simcha
    15 years ago

    looking forward to $10.00 a gallon!!!!!!

    joe
    joe
    15 years ago

    you this screwing up the start of my investing carrer onlt thing good about this is mor bargins out there right now have gut shabbos

    Anonymous
    Anonymous
    15 years ago

    Those stupid arabs. Don’t they realize that pretty soon oil will be a thing of the past. The more the prices go up the sooner their end

    Anonymous
    Anonymous
    15 years ago

    Joe, would you write english so we can understand what on earth your trying to convery to the blogersphere community?

    chaim
    chaim
    15 years ago

    i think oil will be $ 200,- barrel

    the arabs are smart and hurting the world in the pocket ,it is pay back time for the idiot Bush for the Irac war ,the business boom in there country’s is very big

    we can thank president Carter for bringing Aytolah Kohmeny back to Iran and all the fanatics are in power and the have the world by the balls

    because they control the oil