Wednesday, January 19, 2011

Stocks take a hit

The stock market took its worst beating since November today with the tech heavy NASDAQ dropping by more than 1.4%. The S&P 500 fell by a little over 1%. The DOW managed to dodge most of the selling dropping only very slightly. Crude oil closed at $90.70 a barrel and precious metals traded within a narrow range with gold closing up $2.80 closing at $1371.50 oz. Silver fell 11 cents closing at $28.79 oz.

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