Wholesale Prices Skyrocket, Lehman Plunges, Stocks Collapse
Stocks continued their losing ways today as wholesale prices rose faster than economist’s estimated and fears deepened concerning a national banking disaster. The DJIA gave back -130.43 to 11348.43, the Nasdaq fell -32.62 to 2384.36 and the S&P 500 experienced its steepest 2-day decline since June collapsing -11.87 to 1266.73.
Lehman Brothers
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American International Group
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Exxon
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WellCare Health Plans
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Oil climbed $2.22 to $115.09/barrel, gold added $15.40 to $821.10/oz and the VIX advanced 1.48% to 21.29.
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