Computer industry
Stocks Plummet to Fresh 2005 Lows Amid Soaring Oil Prices and Weak Profit Outlook
Oil prices hit a six-week high, rising for a third consecutive day, as the US trade deficit widened in November. This, combined with a weaker profit outlook from General Motors and lower-than-expected earnings estimates from Verizon, sent stocks tumbling to fresh 2005 lows. The Dow Jones industrial average fell 1.