Uncategorized - January 2, 2008 23:49

Year starts sour on weak factory data, $100 oil (Reuters)

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Year starts sour on weak factory data, $100 oil (Reuters)

Traders work on the floor of the New York Stock Exchange January 2, 2008. (Jeff Zelevansky/Reuters)Reuters – U.S. stocks sank on Wednesday, with the Dow getting off to its worst-ever start to a year, after data showed a surprise contraction in manufacturing and oil surged to $100 a barrel, raising the specter of stagflation.



Source: news.yahoo.com


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