The Dow Jones dropped 500 points to end the worst quarter for stock in 2 years as investors anticipated an announcement from the President on the largest oil release ever from the country’s strategic petroleum reserve in an effort to mitigate spiking energy prices.
Dow Jones finished -550 at 34,678
S&P 500 finished -72 at 4,530
NASDAQ finished -222 at 14,220
The 10 Year Treasury closed down 3 basis points yielding 2.33%
Oil prices closed down $6.88 ending at $100.94 a barrel.
Gold prices closed up $2.70 ending at $1,941 an ounce.
In the days’ stock news:
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