Oil Dips, Markets Fall, Inflation Climbs

The major stock indexes fell today due to continuing credit worries and climbing inflation. The DJIA fell -43.15 to 11283.17 after being in positive territory for some of the day on falling oil prices, the Nasdaq gave back -25.40 or 2285.56 and the broad based S&P gave back -11.29 to 1249.02.

Range Resources (RRC | Quote | Chart | News | PowerRating) - This rocky deposit natural gas producer led the S&P 500 lower, falling 12.92% or $6.33 to $42.68 due to plummeting oil and natural gas prices

Fuel Systems Solutions (FSYS | Quote | Chart | News | PowerRating) got the thumbs up from Mad Money Host, Jim Cramer, and climbed 1.40% or .53cents to $37.14/share on the endorsement

People Support (PSPT | Quote | Chart | News | PowerRating) - The outsourcing specialist roared ahead 25.50% or $2.43 to $11.96/share on news of being acquired by India’s Essar Group

Motorola (MOT | Quote | Chart | News | PowerRating) climbed 11.46% or $1.01 to $9.82 on news of its hiring former QCOM chief, Sanjay Jha, as co-CEO.

Oil fell $4.25 to $120.85/barrel on easing of storm concerns. Gold gave back $15.40 to $902.10 and the VIX added 4.08% to 23.49.

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