The Dow suffered a steep triple-digit loss Tuesday as turmoil in Libya ignited a global sell-off in stocks. Oil prices rose sharply, as did safe-haven assets such as Treasurys and the dollar. Disappointing news from Walmart didn’t help matters.
Continue reading Stocks Plunge and Oil Spikes on Libya Turmoil
Stocks Plunge and Oil Spikes on Libya Turmoil originally appeared on DailyFinance on Tue, 22 Feb 2011 16:20:00.
Filed Under: Energy, Economy, Investing, Earnings, Bank of America, Wal-Mart Stores, Market News