TITLE

Crude Spikes, Stocks Sink

AUTHOR(S)
Schachter, Ken
PUB. DATE
September 2008
SOURCE
Red Herring;9/22/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36646778

 

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