Broad Based Sell Off Continues, Oil Reaches New Record High

U.S. stock indexes continued their decline today on exploding oil prices, plummeting Consumer Confidence figures and the subprime meltdown. The DJIA gave back -106.91 ending at 11346.51, the Nasdaq dipped -5.74 to 2315.63 and the S&P 500 fell -4.77 to 1278.38.

Bristol Myers (BMY | Quote | Chart | News | PowerRating) climbed 3.30% or $0.65 to $20.32/share due to selling off a division to raise cash for acquisitions.

American Eagle (AEO | Quote | Chart | News | PowerRating) dropped 14.94% or $2.36 to $13.45/share on the President and Chief Merchandiser's departure plans for January, 2009.

KB Home (KBH | Quote | Chart | News | PowerRating) hit a 5-month low today after dropping $0.41 to $17.72 after its fifth straight quarterly loss.

AK Steel Holding (AKS | Quote | Chart | News | PowerRating) grew by 7.96% or $5.03 to $68.21 after being added to the S&P 500.

Oil Climbed $1.06 to $140.70/barrel, gold added $16.20 to $931.30/oz and the US Dollar fell against the Euro.

Win up to $10,000 predicting the direction of a stock!