Stocks & Oil Tumble –

The Dow Jones Industrial Average fell over 600 points in trading on Monday.  The downgrade of U.S. debt and concerns for the global economy continued to drive the market lower throughout the day.  Crude oil also fell in trading and finished the day near $80 a barrel.  Gold finished higher on the day and increased to over $1,700 an ounce. 

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-08-07/u-s-stock-futures-fall-amid-concern-s-p-cut-may-worsen-economic-slowdown.html

James Sutliff

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