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Stocks extend longest slump this year
April 10, 2012
April 10, 2012
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CONTINUED...
up their stock price, at least temporarily.
"CEOs have done a very good job of setting expectations low," Kinahan said.
Analysts have also worried that high gasoline prices could hurt the economic recovery. The price of oil fell almost to $101 a barrel Tuesday, but that was because traders are betting that a weak U.S. economy will keep demand low.
Oil was about $75 in October. The buildup has been partly because of tension over Iran's nuclear program and the oil embargos that have ensued. It nearly hit $110 last month.
Iran, which has already cut off oil shipments to
up their stock price, at least temporarily.
"CEOs have done a very good job of setting expectations low," Kinahan said.
Analysts have also worried that high gasoline prices could hurt the economic recovery. The price of oil fell almost to $101 a barrel Tuesday, but that was because traders are betting that a weak U.S. economy will keep demand low.
Oil was about $75 in October. The buildup has been partly because of tension over Iran's nuclear program and the oil embargos that have ensued. It nearly hit $110 last month.
Iran, which has already cut off oil shipments to
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