More BAD NEWS on the Economy

FoxBusiness has this report on the stock market, click link for entire article

Thursday, June 26, 2008

Dow Plunges 358 as Perfect Storm Slams Stocks

A fresh batch of scary headlines pushed Wall Street into full selloff mode on Thursday, pushing the Dow more than 350 points into the red and to its lowest level since September 2006.

The ugly day was sparked by a spike in crude oil prices to a record $140 a barrel, a series of downgrades from Goldman Sachs and more gloomy economy data.

Today's Market

The Dow Jones Industrial Average slid 358.41 points, or 3.03% to 11453.42, the Standard & Poor’s 500 index declined 38.82 points, or 2.94%, to 1283.15 and the Nasdaq Composite Index lost 79.89 points, or 3.33%, to 2321.37 The consumer-friendly FOX 50 fell 27.56 points, or 2.98% to 898.65.