Wednesday, April 23, 2008

Wall St. tumbles; oil nears $120




Apr 22 - U.S. stocks were knocked down as oil flirted with a record of $120 a barrel, which added to investor angst over the health of corporate profits. The Dow fell 104 points to 12,720. The S&P 500 fell 12 points to 1,375. The Nasdaq fell 31 points to 2,376. Crude oil surged to a record close of $119.37 a barrel.

Conway Gittens reports from New York.