Dow down 101 as US stocks plunge

US stocks tumbled today as oil prices climbed to a new record on fears of refining shortages and caused investors to look past a report showing strong growth in the service sector of the economy.

Wed, 06 Jul, 2005 - 23:31

US stocks tumbled today as oil prices climbed to a new record on fears of refining shortages and caused investors to look past a report showing strong growth in the service sector of the economy.

The Dow Jones industrials dropped more than 101 points, or nearly 1%.

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