Friday, July 27, 2007

Oil Up - Markets Fall

Oil Near All-Time High Over $77
NEW YORK (AP) - Oil prices closed over $77 a barrel, near an all-time high on Friday on technical buying and news of faster-than-expected economic growth.

Dow, S&P Have Worst Week in 5 Years
NEW YORK (AP) -- Wall Street extended its steep decline Friday, propelling the Dow Jones industrials down more than 500 points over two days after investors gave in to mounting concerns that borrowing costs would climb for both companies and homeowners. It was the worst week for the Dow and the Standard & Poor's 500 index in five years

TSX Ends Week Down Nearly 6%
The Toronto stock market ended the session sharply lower Friday, with investors relieved to see the end of a trading week where almost 6 per cent was carved from the TSX over concerns about tightening credit conditions.

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