Wednesday, December 17, 2008

Stocks Fail To Follow Up On Rally From Fed's Action

The Dow Jones Industrial Average declined 100 points (1.1%) to close at 8,824, the S&P 500 Index lost 9 points (1.0%) to 904, while the Nasdaq Composite declined 11 points (0.7%) to close at 1,579. Crude oil fell $3.54 to $40.06 per barrel, and gold ended up $25.90 at $868.60 per ounce.

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