Thursday, May 22, 2008

Crude oil tops $133; Fed's outlook batters stocks

As crude oil hits new highs, the Dow falls 227 points. The Federal Reserve forecasts slower growth, more unemployment and higher inflation. Airline stocks are crushed; American Airlines says it will cut capacity by up to 12%. HP shares slump despite higher profit.

Read More...

[Source: MSN Money Latest Articles]

No comments: