Wild day on Wall Street - Dow is down but it could have been worse

We're talking volatile. Dow was down more than 200 points in the first hour or so of trading, but managed to trim those losses towards the end of the session - ostensibly because of some encouraging developments in Greece. Seems flimsy, but at the close, the index was off just 58 points, to 12,050. Oil, meanwhile, settled at just over $91 a barrel, which has to be considered good news because it probably means still-lower gas prices.


More by Mark Lacter:
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Crazy opening for Twitter*
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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