Author: Dave Boike
Stocks fell sharply Friday as concerns over rising oil prices and a mixed jobs report worried investors.
The DOW dropped 122 points to close at 12,169.
S&P500 index fell 1% to close at 1321, and the NASDAQ declined almost a percent to close at 2780.
With violence continuing in Libya, many economic analysts are predicting $4 or $5 a gallon for gas in our near future. This added with the slow addition of new jobs growth could further hamper our economic recovery and could cause investors to start moving to safety. Whatever happens, most economists are predicting a wild ride for investors!
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