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Market Update : 
Metals and Oil Drop 5%
Author: 123jump.com Staff
123jump.com
Last Update: 5:02 PM EDT March 19 2008

A sharp pullback in metals and commodities put stocks on the defensive. Front month futures of crude oil and gold dropped more than 5%, silver lost 8%, and copper declined 3%. Futures of the next month wheat led the agricultural with a decline of 7% followed by losses in Soybean and Cocoa of 6%. Dow, S&P 500, and Nasdaq lost more than 2.3%. Brazil plunged 5% and European markets edged 0.5% lower across the region.

 

 

 
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