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The Dow has officially slumped to its lows of 2004 - "corner turning"

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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-22-04 02:38 PM
Original message
The Dow has officially slumped to its lows of 2004 - "corner turning"
Blue chips touch new low for the year
Impact of high oil prices on the economy sparks sell-off

By Mark Cotton, CBS.MarketWatch.com
Last Update: 3:05 PM ET Oct. 22, 2004 < Page 1 | 2 >


NEW YORK (CBS.MW) -- The Dow Jones Industrial Average touched a new low for the year on concern surging crude-oil prices will become a major drag on economic growth.

snip

Oil is once again the story, according to Joseph Keating, chief investment officer at AmSouth Asset Management Group.

"The big concern is that if these hikes in oil prices persist, they are going to retard growth and pose an increasing risk to expansion," said Keating.

snip
http://cbs.marketwatch.com/news/default.asp?siteid=mktw&dist=&refresh=on
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Auntie Bush Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-22-04 02:43 PM
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1. So is the Dow below 10,000 now/yet?
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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-22-04 02:45 PM
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2. sure is ....9774 (down 94 points ) ...15 minutes left in the day
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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-22-04 03:05 PM
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3. finished down 107 pts. @ 9757...lowest clsoing for 2004
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