Our Awful Situation
Dow Hits 3-Month Low, Sheds 4% for Week
Its going to be a rough summer for the stock market and for the sheep who depend on it:
Stocks closed sharply lower Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector.
The Dow Jones Industrial Average broke through the key 12000 mark, tumbling 220.97, or 1.8 percent, to finish at 11842.12.
The Dow shed 4 percent for the week, finishing at its lowest point in three months and just 100 points above its March low.
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