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Wall St dives on record oil over US$123, financials, 05/07
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China Securities Journal Net
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May 12, 2008
US stocks tumbled yesterday, on concerns about inflation and higher interest rates as oil jumped to a record above US$123 a barrel. Investors sold off shares of banks, home builders and companies dependent on consumer spending amid fears that rising prices will crimp demand and exacerbate fallout fr...
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