Wall Street extends losses for volatile week

Wall Street suffered another big loss today, with the Dow Jones industrials falling more than 100 po
PHOTOGRAPHER:

Wall Street suffered another big loss today, with the Dow Jones industrials falling more than 100 points amid worries about high oil prices and further fallout from the credit crisis.

Moody’s Investors Service said today it is reviewing Morgan Stanley for a possible downgrade; and there are reports Merrill Lynch might take heavy write-downs in the second quarter. And oil prices reached a high past $142 a barrel.

The Dow is down 104 points at the 11,348 level. It lost nearly 360 points on Thursday.

Categories: Business

Leave a Reply