Stocks Tumbling, Oil Getting Slammed Again

stocks

Photo: Google Finance

It’s another ugly day in the markets.  Stocks are selling off again today, and oil prices are getting walloped.This comes after a jump in initial jobless claims and a horrific plunge in the Philly Fed Index number.

Oil prices are down 2.4%.

Earlier, Europe posted its latest PMI numbers and they were uglier than expected.  France’s economy appears to be crumbling as its PMI number sank to a 47-month low.

 

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