Friday, June 27, 2008

Dow Tumbles 300 Points as Oil Tops $140

Stocks tumbled Thursday after a downgrade on brokerage stocks, disappointing earnings from two tech giants and oil's break above $140 a barrel. The Dow Jones Industrial Average fell more than 300 points, blowing past its low for the year to its lowest level since September 2006. The S&P 500 index fell below the key 1300 mark. Gold topped $900 on in

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