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Stocks fall as data show drag of higher oil »

Posted by: STONERS 2 months, 3 weeks ago

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Stocks declined Tuesday as investors reviewed worrisome data that underscored the drag of higher energy prices on the economy.

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STONERS2 months, 3 weeks ago

"In volatile trading, crude oil at times rose above $134 a barrel on the New York Mercantile Exchange, renewing unease about energy. Investors have been worried that rising energy prices, which affect almost all other costs, are going to prove too much for already strapped U.S. consumers."
"The day's economic data were troubling to Wall Street. The Labor Department said its index of producer prices shot up 1.4 percent in May, the largest jump since November, indicating that companies are having to swallow large cost increases."

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panzerv2 months, 2 weeks ago

http://www.youtube.com/watch?v=rJb3Lcvtn4M A song for the times...
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sadie86862 months, 2 weeks ago

No end in sight...
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