
Stocks fall again as banks drop and oil prices rise
CNN
March is looking a lot like January and February on Wall Street. That's not good news for investors.
The Dow fell more than 650 points, or 2%, in midday trading Tuesday, one day after stocks capped off their second straight month of declines to start the year. The Nasdaq and S&P 500 were also lower, although more modestly, falling 1.4% and 1.6% respectively.
Rising oil prices, which spiked 10% Tuesday to above $105 a barrel for the first time in more than seven years, are hurting sentiment. So is the rapid drop in long-term bond yields. The 10-year Treasury rate fell to about 1.7%, the lowest level since early January.
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