Stock Indexes Melt Down, Oil Surges, Gold Shines

US stock indexes hit yearly lows today on credit concerns and surging oil prices. The DJIA plummeted -358.41 to 11453.42, the Nasdaq was knocked down -79.89 to 2321.37 and the S&P 500 spiked down -38.82 to 1283.15.

General Motors (GM | Quote | Chart | News | PowerRating) hit a 53-year low today on a Goldman downgrade. Ending the day down 10.77% or $1.38 to $11.43.

Citigroup (C | Quote | Chart | News | PowerRating) tumbled 6.26% or $1.18 to $17.67, a 11 year low, on a Goldman downgrade.

AutoZone (AZO | Quote | Chart | News | PowerRating) climbed 2.85% or $2.85 to $114.67 due to an analyst upgrade and buyback speculation.

Bed Bath and Beyond (BBBY | Quote | Chart | News | PowerRating) added 4.27% or $1.22 to $29.79/share due to higher sales of bedding and dishes.

Gold rocketed up $32.80 to $915.10/oz, Oil climbed $5.22 to $139.77/barrel and the dollar fell again against the Euro.