Wednesday, March 19, 2008

Daily Market update with Stern Bears

(NEW YORK) Dow finishes down 12,099.66 or 293.00 points.

The Dow Jones Industrial Average dropped by almost 300 points, giving back a significant portion of the previous session's 420-point rally. Commodities prices plunged.

Stocks declined, failing to sustain the prior session's huge advance, which was stirred by the Fed's rate cut and strong profits at investment banks. Commodity prices plunged, with gold and crude-oil futures seeing steep losses.


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