Ongoing Oil Slide Continues to Affect Global Stock Market
Energy stocks are inciting another Wall Street sell-off as the price of crude continues to plummet. US crude fell below $28 a barrel in New York on Wednesday – a sure sign that the global economy is grinding to a halt.
Gas and oil stocks fell further than all other stocks in early trading. Chesapeake Energy suffered an 8% fall and Devon Energy sank 7%. After another drop in revenue, the already-struggling tech giant IBM fell 6%.
Many believe today’s dropping energy prices herald a poor future for global economies.
Meanwhile, the DJIA lost 1.8% (280 points), falling to 15,731. The Nasdaq composite fell 1.4% (74 points) and the Standard & Poor’s 500 index dropped by 1.7% (31 points).
Sorry, didn't see that Larry banned free speech for his "Government should not be in the news broadcasting business ……
Larry won't admit Biden came to Ukraine's aid while his fellow Republicans don't want to have any part in Ukraine's…
Save your brain power, Frank Danger, Horist sees himself as Lord High Opinion Commentator and he is without equal across…
We tend to get caught in the weeds with Trump's hyperbolic approach to things he labels as problems of national…
Dunger admitted that human trafficking was worse on Biden’s watch and would have been more dangerous if kumbreath Harris had…