Monday, July 31, 2006

Markets Underwater As Oil Spikes

The markets ended the day underwater as crude oil prices surged amidst the worsening situation in the Middle East. The Dow dropped 34 points to 11,186 while Nasdaq slipped 3 points to 2,091. The S&P 500 lost 2 points to 1,277 while the 30-year bond eased as the yield rose to 5.07%.

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