U.S. stocks fall sharply as oil nears $100

11:46 am ET Nov 21, 2007

DJIA

12,893

-116.16

S&P

1,424

-15.19

NASDAQ

2,564

-32.55

10Yr

4.02%

-0.034

U.S. stocks fall sharply as oil nears $100

NEW YORK
Stocks fell sharply Wednesday, with continued worries about bad home
loans, a slumping dollar and oil near $100 a barrel leading investors to
get out of stocks ahead the Thanksgiving holiday.

Economic Report: Consumer sentiment hits lowest level in two years

WASHINGTON
Consumer sentiment fell in November from the prior month, reaching its
lowest level in two years, according to a monthly survey released
Wednesday.
Mortgages: U.S. mortgage rates fall; 15-year at lowest level in 21
months

CHICAGO
Mortgage rates dropped this week, allowing the 15-year fixed-rate
mortgage to fall to a level last seen in February 2006, according to
Freddie Mac's weekly survey, released on Wednesday.

Economic Report: Slower U.S. growth could be ahead, Conference Board
says

WASHINGTON
Slower growth for the nation's economy may be on the horizon, the
Conference Board said Wednesday as the business research group reported
that a gauge of future economic growth fell 0.5% in October.

Futures Movers: Crude oil trades above $98; U.S. inventories fall
unexpectedly

SAN FRANCISCO
Crude-oil futures edged higher Wednesday, gaining as a government report
showed an unexpected fall in U.S. crude inventories last week and
hovering within striking distance of the $100-a-barrel level.