Investors are keeping a close eye on oil prices, after crude oil rose to $106 early Monday on continued tensions in Libya. Gold set a new intraday record in early trading. Tech stocks dragged on the entire market after Wells Fargo downgraded the semiconductor sector. Intel fell 1.6%. The implied volatility inches higher as recovery fears surfaced again.
Tuesday, March 8, 2011
Plunged on oil fears
Investors are keeping a close eye on oil prices, after crude oil rose to $106 early Monday on continued tensions in Libya. Gold set a new intraday record in early trading. Tech stocks dragged on the entire market after Wells Fargo downgraded the semiconductor sector. Intel fell 1.6%. The implied volatility inches higher as recovery fears surfaced again.
