男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
WORLD> America
Wall Street tumbles as oil prices surge
(Agencies)
Updated: 2008-06-12 06:58

NEW YORK - Wall Street tumbled Wednesday as oil prices rebounded, fanning concerns that inflation will further pinch consumers and lead central banks to raise interest rates. The Dow Jones industrial average fell more than 200 points to its lowest close since mid-March.


Traders work on the floor of the New York Stock Exchange, April 16, 2008. [Agencies]

Investors are uneasy about oil prices, which on Wednesday traded as high as $138.30 a barrel on the New York Mercantile Exchange before settling up $5.07 at $136.38. Having breached $139 a barrel last week, record-high crude has increasingly posed both an inflationary risk and a threat to growth.

Energy Department data Wednesday showed that gasoline supplies grew last week but that crude oil inventories fell more than analysts expected. The weekly report suggested no letup in U.S. energy demand, even as consumers adjust their budgets to accommodate gasoline that averages more than $4 a gallon nationally.

The Federal Reserve's Beige Book, which provides readings on the U.S. economy by region and arrives two weeks before the Fed's next meeting, indicated that Americans are straining under rising energy and food costs. The Fed said the economy remains "generally weak."

The findings seemed to confirm many of Wall Street's concerns.

"That certainly was not unexpected," said Janna Sampson, director of portfolio management at Oakbrook Investments. "Obviously, I don't know that the market likes hearing that, slowing spending or slowing growth and inflation at the same time."

The Dow fell 205.99, or 1.68 percent, to 12,083.77. Wednesday's close was the lowest for the blue chips since March 17, when the Dow ended at 11,972.25.

The biggest loser among the 30 Dow components was Alcoa Inc., which fell $3.40, or 8 percent, to $39.32 after a JPMorgan analyst said the aluminum producer is not planning to sell itself or spin off part of its business.

Broader stock indicators also declined. The Standard & Poor's 500 index fell 22.95, or 1.69 percent, to 1,335.49, and the Nasdaq composite index fell 54.93, or 2.24 percent, to 2,394.01.

Bond prices rose Wednesday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 4.07 percent from 4.11 percent late Tuesday.

The dollar fell against other major currencies, while gold prices rose.

Investors are worried that the spike in oil prices will dent consumer spending, which accounts for more than two-thirds of U.S. economic activity and is crucial to some investors' hopes of seeing the economy rebound from a slowdown in the second half of the year. However, the prospect of a sustained elevation of prices in oil and other commodities has dimmed some of those hopes.

   Previous page 1 2 Next Page  
主站蜘蛛池模板: 保亭| 西丰县| 永春县| 高清| 南投市| 望都县| 土默特左旗| 山阳县| 昌宁县| 建水县| 达孜县| 绥宁县| 集安市| 宜良县| 项城市| 临猗县| 贞丰县| 青海省| 民丰县| 多伦县| 磐安县| 奉贤区| 莲花县| 丰宁| 宜都市| 太仓市| 中超| 广平县| 大化| 青海省| 龙门县| 突泉县| 通海县| 灵石县| 永吉县| 朔州市| 遵化市| 通渭县| 兴宁市| 三明市| 五河县| 乌兰察布市| 禹州市| 中宁县| 平武县| 商都县| 崇信县| 石阡县| 敦化市| 石渠县| 两当县| 新河县| 射洪县| 松江区| 偏关县| 静乐县| 安西县| 兖州市| 金山区| 肇庆市| 昌平区| 寻乌县| 麻江县| 邳州市| 临湘市| 沁阳市| 杭州市| 民县| 茂名市| 阳曲县| 长宁县| 凤城市| 肥城市| 太谷县| 厦门市| 博客| 准格尔旗| 公主岭市| 朔州市| 巨鹿县| 韶山市| 鄱阳县|