Wall Street Skids On Weak Manufacturing Report, Record-Breaking Oil Prices
Wall Street skidded lower Wednesday after a weaker-than-expected reading on the manufacturing sector and a spike in oil prices to $100 a barrel triggered concerns of a further slowdown in the overall economy.
The major indexes each lost more than 1 percent, with the Dow Jones industrials giving up more than 200 points. It was the blue chip index's biggest point decline for the first day of trading in a new year.



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AP | Tim Paradis | January 2, 2008 06:02 PM