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Sunday, June 29, 2008

Wall Street ends lower: Dow down 106 points

US markets finished lower for second consecutice day led by surging oil prices and a fresh round of banking troubles.

US markets end lower, Dow Jones average pushed to the brink of a bear market while crude hits record high of 142 dollars.

The Dow fell 106.91, or 0.93 percent, to 11,346.51. The Nasdaq composite index fell 5.74, or 0.25 percent, to 2,315.63 and Standard & Poor's 500 index fell 4.77, or 0.37 percent, to 1,278.38.

Thanks to www.moneycontrol.com

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