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Crude Oil at $143, Robbins Surge 12% |
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Author: 123jump.com Staff
123jump.com
Last Update: 10:33 AM EDT June 30 2008
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U.S. stocks opened sharply lower after crude oil prices reached to a record high of $143 a barrel. Transportations and auto makers declined. AMR Corp, Delta, UAL and Southwest fell. In the overnight trading Asian markets fell, tracking the weakness in the U.S. markets. European markets traded lower with another fall in Swedish and Spanish stocks. Robbins & Meyer, industrial equipment maker surged 12% after it reported earnings gain of 50%. |
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