Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, April 12, 2011

Tuesday

Major U.S. stock indexes slid almost 1% today, and commodities plummeted amid a rising group of analysts warning that high oil prices are threatening global growth. Energy stocks fell most sharply as crude oil tumbled 3.5%. Worries about oil gained new prominence today when the Organization of Petroleum Exporting Countries cut its 2011 oil-demand forecast. The fear is a pullback in oil demand may be a symptom of oil prices' pressure on the broader economy. DJIA -117.53 Nasdaq -26.72 S&P 500 -10.30.