When is oil going to hit bottom? That's the worry plaguing investors, who sent the Dow down 150 points just after midday Tuesday, after the index shed 331 points on Monday. Paul Nolte, senior vice president and portfolio manager at Kingsview Asset Management, said, "Oil hasn't found a bottom yet, and that's a concern for investors." Kristina Hooper, a U.S. Investment Strategist with Allianz Global Investors, advises investors to be cautious. Crude prices fell further, with U.S. oil down 4 percent and just above $48 a barrel. Erasing a 79-point gain, the Dow Jones Industrial Average dropped was lately off 141.90 points, or 0.8 percent, at 17,359.75. http://nbcnews.to/1wlbJH4 http://bit.ly/1fJ5yqZ
Dow Falls Triple Digits, Socked by Oil Worries
When is oil going to hit bottom? That's the worry plaguing investors, who sent the Dow down 150 points just after midday Tuesday, after the index shed 331 points on Monday. Paul Nolte, senior vice president and portfolio manager at Kingsview Asset Management, said, "Oil hasn't found a bottom yet, and that's a concern for investors." Kristina Hooper, a U.S. Investment Strategist with Allianz Global Investors, advises investors to be cautious. Crude prices fell further, with U.S. oil down 4 percent and just above $48 a barrel. Erasing a 79-point gain, the Dow Jones Industrial Average dropped was lately off 141.90 points, or 0.8 percent, at 17,359.75. http://nbcnews.to/1wlbJH4 http://bit.ly/1fJ5yqZ
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