While you were sleeping: Oil hammers stocks

Tue, 06 Jan 2015

By Margreet Dietz Jan. 7 (BusinessDesk) - Stocks slid with oil, while Bill Gross warned investors that the good times are over. In afternoon trading in New York, the Dow Jones Industrial Average fell 1.18 percent, the Standard & Poor’s 500 Index declined 1.16 percent, while the Nasdaq Composite Index dropped 1.50 percent. Slides in shares of JPMorgan Chase and those of American Express, down 3.2 percent and 2.5 percent respectively, led the Dow lower. “At this point it’s going to get hard to bottom out this market until you’ve bott...

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