Thursday, June 23, 2011

Dow Jones Drops 60 Points, Rebounds From -235 Points Intraday

Wall Street recap: Dow Jones drops 60 points, rebounds from -235 points intraday
The Dow Jones slid for a 2nd day and tumbled as much as 235 points after higher-than-expected jobless claims and Fed's tepid economic remarks. Oil prices also plunged 4.6% as International Energy Agency planned to release emergency stockpiles.

Dow Jones pared its losses in the final hour trading amid reports Greece reached an agreement with the European Union and IMF on an austerity plan that would help it win more financial aid.

Daily Dow Jones Is Consolidating Sideways


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