US stocks plunge amid storm of selling

Volatile oil prices and a weak dollar sent stocks plunging in the United States today as the prospect of inflation and rising interest rates sank in on Wall Street.

US stocks plunge amid storm of selling
Wed, 09 Mar, 2005 - 23:13

Volatile oil prices and a weak dollar sent stocks plunging in the United States today as the prospect of inflation and rising interest rates sank in on Wall Street.

Yields on long-dated Treasuries surged to an eight-month high and the Dow Jones industrial average skidded 107 points.

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CourtsBusinessHeathrowPlace: USPlace: United StatesPlace: Wall StreetPlace: ClevelandPlace: GermanyPlace: JapanPlace: North AmericaPerson: John CaldwellOrganisation: McDonald Financial GroupOrganisation: KeyCorpOrganisation: DowOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: Federal ReserveOrganisation: FedOrganisation: Xilinx Inc.Organisation: Noranda Inc.Organisation: Falconbridge Ltd.Organisation: NorandaOrganisation: FalconbridgeOrganisation: New York Stock Exchange
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