Dow off 174; oil prices, dollar batter stocks

[NNN0LHI]

http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P110182.asp

Losses are broad as crude oil tops $51 per barrel. The U.S dollar sinks after South Korea says it will diversify its holdings. Investors don't like Home Depot's results. Consumer Price Index tomorrow.

It wasn't just crude oil and the dollar that clobbered stocks today.

There was more going on that may affect the markets for the rest of the week and possibly for the next week or so after that.

The Dow Jones industrials fell 174 points, or 1.6%, the biggest one-day point fall since Sept. 22, 2004, when the blue-chip average fell 135 points. To find a bigger point-loss than today, one must go back to May 19, 2003 when the Dow lost nearly 186 points. Only one Dow stock managed not to lose on the day: Verizon (VZ, news, msgs) finished unchanged at $35.31.

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[Anarcho-Socialist]

1. It's the Bush* miracle economy

All that prosperity under Clinton was boring anyway.

[oasis]

2. As Bill Bennett prepares to roll the dice with Social Security. Great.

:bounce:

[movonne]

3. Maybe this is why????

[sinkingfeeling]

4. I was thinking the same thing! Maybe all the 'young' folks can

take a look at the 25 to 30 year averages and rethink their support.

[ozone_man]

5. Biggest one day fall since May 19, 2003.

I think they made an error in wording. Always putting the spin on. These market bubble pumpers. :eyes: