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Associated PressOil prices zoomed higher yesterday, touching a new high of $65 a barrel, with buyers focused on refinery snags, shrinking U.S. inventories of gasoline and motorists' growing thirst for fuel despite record-high costs. The latest rally - crude futures have...
AP Business WriterCommodities prices declined broadly Tuesday as the oil market relinquished its early gains and the weakness spilled into the precious metals market. Agriculture futures also tumbled. A barrel of crude oil briefly reached an 11-month high on Tuesday,...
The Associated PressWall Street barreled higher Wednesday for the second day in a row, giving the Dow Jones industrial average its biggest two-day point gain in five years after a Federal Reserve official hinted that the central bank may lower interest rates again....
AP Business WriterWall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997,...
NEW YORK (AP) _ Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise...
Tags: Consumers, Hong Kong, George W. Bush, Sales, Stock Activities
NEW YORK (AP) -- Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously -- hurtling the Dow Jones industrials down nearly 7 percent. The almost 780-point decline was...
sun reporterHurricane Rita's late shift to the east spared all but a few Texas oil refineries from significant damage, likely sparing consumers a repeat of the gasoline price shocks that occurred after Hurricane Katrina pummeled plants in Louisiana a month ago,...
NEW YORK - Investors fled Wall Street again, driven by worries about the nation's big banks and General Motors Corp. Stocks ended at 12-year lows Thursday, more than wiping out the previous day's rally. Investors wrestled with more disheartening economic...
NEW YORK -- Stock prices and the dollar plunged today -- and oil and other commodities soared -- on growing anxiety about the effect of the government's proposed $700-billion rescue of the financial system. The Dow Jones industrial average tumbled 372.75...
NEW YORK (AP) _ Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down more than 600 points and erasing a huge chunk of last week's big...
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