Thursday, March 19, 2009

Dow Plunges 1.2% On Inflation Fears

Stock Prices fell another 1.2% today despite the news that the Fed added another $1.2 Trillion Dollars to the economy by purchasing Treasury Bonds and Toxic Bank Assets.

Federal Express said that they intend to lay off more people and cut wages as their 3rd. quarter profits fell 75%---Crude Oil prices climbed on fears of inflation and a weakening dollar.

More here from Yahoo Finance