24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Wall Street Slides on Gold Drop, Boston Blast News

Stocks posted their worst day since November 7 on Monday as big declines in the price of gold, oil and other commodities fed a broad selloff in equities.

Selling accelerated late in the session as reports of explosions in Boston near the finish line of the Boston Marathon added to investors' nervousness.

Commodity-related shares led stocks' losses, with gold suffering its worst two-day sell-off in 30 years following weaker-than-expected Chinese data that fueled worries about global growth. The SPDR Gold Shares ETF (GLD.P) lost 8.8 percent to $131.31 on record volume.

Source: Reuters. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • Gorilla tactics||

    Well this day is turning out to be just fucking peachy

advertisement