Crude Spikes, Stocks Sink

Schachter, Ken
September 2008
Red Herring;9/22/2008, p4
Trade Publication
The article reports on the decline in U.S. stocks despite multibillion-dollar stock buyback programs announced by Microsoft, Hewlett-Packard, and Nike. The Dow Jones Industrial Average tumbled 374 points, or 3.3 percent, to 11,014, while Nasdaq fell 94 points, or 4.2 percent, to 2,179. Crude oil futures vaulted more than $16 to $121 per barrel after touching a high of $130.


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