Another Slick Day

Oil prices have done it again! The Nasdaq fell nearly 1% as reports came out claiming the summer average for a gallon of regular gasoline would sit at $2.62, twenty-five cents higher than last summer's average. Its getting closer and closer to a record-high, and this is one record I do NOT want to be around for! And a ruling was annouced for Merck today. The jury has awarded $9 million in punitive damages to a 77-year old man who suffered a heart attack while taking Vioxx. This sets a troublesome (an understatement, I think) precedent for Merck, and its stock is showing signs of wear and tear. Dow: -51.70 Nasdaq: -22.92 S&P 500: -10.03