Surging oil price hits Wall Street

Stocks sank today as oil’s surge above 108 a barrel and more worrisome signs for the financial sector led investors to extend last week’s losses.

Surging oil price hits Wall Street
Mon, 10 Mar, 2008 - 21:35

Stocks sank today as oil’s surge above 108 a barrel and more worrisome signs for the financial sector led investors to extend last week’s losses.

The Dow Jones industrial average fell more than 150 points, bringing its three-day loss to nearly 515, while broader indexes showed steeper percentage losses.

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