Tuesday, December 11, 2007

Stocks Plunge After FOMC Rate Cut Decision

The Dow Jones Industrial Average fell 294 points (2.1%) to close at 13,433, the S&P 500 Index dropped 38 points (2.5%) to 1,478, and the Nasdaq Composite lost 67 points (2.5%) to 2,652. Crude oil finished up $1.94 to $89.80 per barrel, and gold ended down $3.70 at $804.00 per ounce.

Magnificent Seven Update