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NEW YORKÂ (CNNMoney) — Stocks fell sharply Wednesday, as energy and materials stocks were particularly hard hit by a sell-off in oil and gasoline futures.
“Commodities are getting crushed here, and it’s taking the whole market with it,” said David Rovelli, managing director of U.S. equity trading at Canaccord Adams.
Read the full article at CNNMoney.
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Just when the U.S. economy seemed to be getting its footing, a number of new obstacles risk tripping it up. A spike in oil prices due to spreading unrest in the Middle East is the highest profile problem, but not the only one.
http://money.cnn.com/2011/02/24/news/economy/economic_risks_oil_spike_spending_cuts_stocks/index.htm
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