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).
He supports commiecrats. Enough said. But Dunger is being stupid again
To say Steyer is a commie proves the stupidity of Paul DumbDunGoff. Steyer is a hedge fund and investment firm…
Tom steyers is a commie piece of shit. But look up people. We are going to win. E Jean Carroll…
Bendover, you have the maturity of a nine year old with those statements. At least I know my father. Whatttya…
Dunger you should be proud of all of the attention. Your mama would be proud of you. I remember you…