Oil Crisis Wobbles Wall Street

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Oil Crisis Wobbles Wall Street 

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---- Nick Chaiyapin, Chief Financial Analyst

 

            Stock markets are struggling again this Wednesday. Stock investors can not look beyond record-high oil prices. The Dow Jones average lost 0.2 % in the first two hours into the session. The earning revenue of Cisco Systems Stocks was more conservative than what had been speculated. First-quarter earning in the financial sector have plunged more than 16% from a year ago.

 

            Nevertheless, some financial analysts speculate that the economy will stabilize, and investors will look beyond high prices. Many analysts believe that the worst is over.

 

Oil Crisis Wobbles Wall Street

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