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Forums>Main Discussion>Worst Day of the Year: Dow plunges Oil skyrockets
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Jun 6, 2008 4:40pm
Worst Day of the Year: Dow plunges Oil skyrockets

Kyle


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The DOW lost nearly 400 points today, its worse day in 16 months, and Oil jumped an astonishing $11/barrel to close at an all time high of just under $139. That translates into about a 30 cent increase per gallon. Most of the affects won't be shown until the new numbers are posted Monday morning. Both of these are due to a poor job report showing a 5.5% unemployment rate. 49,000 jobs were lost in the month of May.
 
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