Stocks tumbled for the third consecutive day in Wall Street

By IBTimes Staff Reporter | January 22 2010 4:44 PM

FXstreet.com (Córdoba) - The Dow Jones fell more than a hundred pips for the third consecutive session and suffer the worst weekly decline since February of 2009. On Friday the Dow lost 217 point and ended the week at 10.173, the lowest level since November. The Nasdaq tumbled 2.67%. Crude oil plunged and fell to $74.15 reaching a one-month low. US Treasuries rose for the third consecutive day.

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Gold finished practically unchanged compared to the price it had at the beginning of the day but did not avoid to suffer the worst weekly decline since March of 2009. Gold finished below $1,100 an ounce, $42 below the price it had on Monday.

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